St. Martin News Network

Oct 06th
Text size
  • Increase font size
  • Default font size
  • Decrease font size

Prime Minister Wescot-Williams Reacts to Letter sent by Schotte on Central Bank --- Says St. Maarten shall not buckle under intimidation.

Email Print
User Rating:  / 0
The Prime Minister of St. Maarten the Honorable Sarah Wescot- Williams made it abundantly clear in an initial reaction to a letter received from the Prime Minister of Curacao on April 19th indicating his Government's wish to annul the St. Maarten Harbor Bond Issue, that her government or persons representing the Government and the people of St. Maarten shall not buckle under any type of intimidation.
In the letter to Prime Minister Wescot-Williams, her colleague the Prime Minister of Curacao Mr. Schotte, indicated his government's intention to annul or seek annulment of the St. Maarten Harbor bond issue and added that he will "tolerate no resistance to his government's plans to do so". The letter also went on to contain a hardly veiled threat of criminal prosecution in the matter.
On Sunday, Prime Minister Wescot-Williams stated that she has already made it very clear that none of the two countries could "unilaterally interfere in Central Bank matters without taking the Bank's Charter into consideration". The Prime Minister went on to say that the Government of Curacao has never countered the arguments of the Central Bank regarding its role in the issuance of the bond for the Harbor of St. Maarten; principal in the bank's considerations for guaranteeing the bond issue is St. Maarten's economy and the need for economic activities benefiting St. Maarten to continue to develop.
In her statement on Sunday, the Prime Minister also made it clear that this is not the way two governments should deal with each other and she was also very adamant that the Government of St. Maarten could no longer sit back and accept the damage that the debacle surrounding the Central Bank is causing the image of. St. Maarten.
What she lamented most however, was the intimidation levied against the St. Maarten nominees on the board of the Central Bank; "It should be noted that both the Governments of Curacao and that of St. Maarten have appointed these members", commented the Prime Minister. "Acts of protest are part of any democracy, however when representatives of the people not only take part, but use intimidation tactics to drive their message home, and incite citizens against one another, it is a sad day for the same democratic principles," continued the Prime Minister in reaction to the protest on Curacao on Saturday morning in front of the building of the Central Bank of Curaçao and St. Maarten.
The government of St. Maarten has already sought legal counsel on the letter received from Prime Minister Schotte and will be handling this matter in the early part of this week.
Last Updated ( Tuesday, 24 April 2012 19:23 )