Editorial: Standards

POSTED: 06/10/13 2:35 PM

Is our Kingdom using different standards for different countries? That is definitively the impression we got when we read that Aruba aims to bring its budget deficit down to the European standard of 3 percent next year. Not everybody believes that the country will achieve this, but the Netherlands seems enthusiast enough to help the government with the refinancing of its mountainous national debt.

In the meantime, the same Kingdom keeps St. Maarten (and Curacao for that matter) on a short leash with its demand for a balanced budget. That could be a good thing, because debts have a tendency to bog down future budgets and make it increasingly more difficult to finance new projects.

It is of course true that Aruba is not under financial supervision, but should that make a difference in the way the Kingdom treats its partners?

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