The regime is crisis mode, according to Reuters.
The crisis in Cuba is probably as bad as the “special period” that occurred right after the Soviet Union collapsed.
Aside from the devastation of hurricanes Gustav, Ivan and [f]idel, there’s the global financial crisis and the forecasted global economic downturn that is sure to have an impact on nickel prices, tourism and remittances.
The steep drop in crude prices will also have an effect on the Venezuelan subsidy checks.
Since Cuba doesn’t pay its debts, its credit worthiness is not subprime, but subterranean. New suckers to lend the regime money will be harder to come by.
This adds to speculation by “western diplomats and businessmen,” who between mojitos and 15 year girls do business with the tyranny, that these new circumstances might force the regime to make some “reforms” in order to survive.
This “blow” is especially troubling to one Mark Frank of Reuters:
HAVANA – The global financial crisis has dealt another blow to communist Cuba, already reeling from two powerful hurricanes and soaring import prices, and it could force the government to speed up reforms, Western diplomats and businessmen say.
How horrible for Frank and his western diplomat and businessmen friends that their little mojitos and mulatas playground may actually come to an end someday.