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PUP Can’t Support Petrocaribe-Superbond Carve Out
posted (May 6, 2015)

So the PUP and UDP can't agree on very much these days: certainly not the PetroCaribe Loan Motion, definitely not the 13th Senator, and not even Mother's day cheer. But, surely, you might say, there couldn't be much disagreement on putting aside half of the PetroCaribe proceeds to buy back the super bond debt, and pay compensation for BTL and BEL. That sounds palatable even to the PUP – but the party leader says he's not at all convinced that the Prime Minister has any good intentions:

Hon. Francis Fonseca - Leader of the Opposition

"In my view, it is just like his rhetoric on this issue we're discussing here today, the 13th senator. A lot of empty political rhetoric. I want to see the meat of it. He talks about the super bond - but Mr. Barrow has borrowed more than the super bond over the past few years. But he was very careful, everything now is to go get him pass an election, all his rhetoric is about getting pass an election now - which we expect in the next 8 to 10 months at the very latest. So he talked about the monies for the bond or nationalisation being set aside 2016 to 2017 and then monies from 2017 going forward being set aside for the nationalisation. I view it as all empty rhetoric. We're prepared to sit down, discuss it, hear more from the government on it - but until then, I view it with extreme skepticism and cynicism. "

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