The cane and sugar industry’s contribution to real Gross Domestic Product (GDP) has fallen over the years. This industry now contributes only around 3.0 percent to real GDP, a significant fall in contribution when compared to around 11–12 percent contribution 10–15 years ago. Following a peak of around 500,000 tonnes of sugar produced in 1994, production has steadily declined.
BIS central bankers’ speeches  1  The banking sector and the inter-bank market: The banking sectors in the peripheral countries of the Euro zone carry a large number of potentially bad assets on their balance sheets. Banks had stopped trusting each other leading to a fairly dysfunctional interbank market. There is clearly a clean up to be made.