The received view in some sections of the Eastern Caribbean media is that the Eastern Caribbean Central Bank’s excessive emphasis on the need to protect small depositors in the banking system constitutes “a scare tactic” in the light of the high cost to sub-regional governments with the failure of Colonial Life Insurance Company and British American Insurance Company.
The Saint Lucia Labour Party (SLP) came to office on the promise of Better Days and Jobs. But there is ample evidence that the SLP administration of bright individuals are doing dumb things most, less educated persons would do. They are cannibalizing each other and opponents. They lack specialization and the ability to look beyond the horizon, thus oppressing Saint Lucia internally and externally.
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Chief Minister Victor Banks – ECCB governor has not been named Chairman of the Eastern Caribbean Monetary Council, Chief Minister Victor Banks has rubbished reports that a new Eastern Caribbean Central Bank governor has been named.