10 June 2009

Cuba running short of cash...rolls over bonds.

More indications of a serious cash crunch in Raul Castro's "new, improved Cuba."

Cuba has rolled over bonds valued at $200 MILLION euros...due this past May...asking bondholders to wait ANOTHER year for repayment.

http://miamiherald.typepad.com/cuban_colada/2009/06/short-of-cash-cuba-rolls-over-bond-issue.html