Walter Eucken’s oft-repeated principle that “those who benefit shall also bear the costs” offers importance guidance in this regard. It was to rectify these problems that the large-scale institutional project entitled “banking union” was rolled out. The banking union consists of two pillars. The first is a single supervisory mechanism.
Barbados is poised to resume economic growth that is driven by the enterprise, vision, determination and persistence of Barbadians in all walks of life. We are clear about the way forward: it is based on expanding our foreign exchange activities: tourism, international business, and rum, our main foreign exchange earners, and alternative energy, which saves us foreign exchange.