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Tag-Archive for "costa rica banking"

Central American Leaders solve Global Credit Crunch! Jun 13

san-jose-costa-rica

The latest news out of San Jose, Costa Rica says “Central American leaders” are calling for a joint credit fund and single currency throughout the region. Who these purported leaders are has yet to revealed. These “leaders” claim this idea has been a product of the world financial crash with the aim of maintaining some kind of fiscal stability in Central America.

There are fears that the current crisis will prevent foreign investment in Costa Rican and other Central American economies which will further worsen the problem. In an effort to combat this problem, a 41 point economic blueprint has been put together and signed by leaders and representatives in all Central American countries. What is not clear is how a single currency could increase foreign investment during a global credit crunch. But these are shrewd “leaders” who know how to manipulate foreign governments for grants, donations, loans so they might have a trick up their sleeves. more…

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