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Showing posts with label Venezuela. Show all posts
Showing posts with label Venezuela. Show all posts

Saturday, March 15, 2014

Venezuelan Crisis, they're our neighbors (Caribbean)

In Europe it is not on the news as much, as we have the Ukrainian situation on the Crimea peninsula. That does not make it less important. Especially because some of the islands in the CAribbean are either geographically very close or have economic ties and/or do business with Venezuela. My native island of Aruba is only about 40KM in front of their coastline and Venezuela is still the second largest source market for tourism into Aruba. Even if it is not direct, we are feeling the indirect effects. I sincerely hope we will not get to the point where we will feel it directly.
Then there are other Islands who depend on Venezuelan oil, produced by PDVSA. Such as Curacao, Cuba and the Dominican Republic. With their oils refining, storing or transshipment business under pressure, it affects their economies and on a second level the region.