Category: Dossier Cuba 21 English

Title II of the Helms-Burton Act: A Road Map for Change

Cuba has before it the opportunity to break out of its oppression and stagnation. There is no need for another “deal” fabricated by the power elite to maintain its control over the country and Cuban society. The road map the Act outlines in its Title II contains basic demands for freedoms and democracy that are popular in Cuba today. All that remains to be done is to follow it.

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Financial Storm Over Havana

The power elite and its government are not only surrounded by sanctions, the Helms Burton Act, its Title III, financial sanctions, and the consequences of being a bad payer. They are hemmed in -first and foremost- by their own incompetence, by their political clumsiness in resisting change, even though it knows that its model does not work. The island is currently in the eye of a devastating financial, political and social hurricane.

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GAESA loses control of remittances

GAESA has lost control of the remittance business in Cuba, due to a quiet “citizens’ financial rebellion” against its banking monopoly. Just over 95% of the flow of remittances from the Cuban diaspora to the island is being channeled through a network of more than 150 “informal banks”. GAESA will only collect around US$81.6 million at the end of this year.

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The Cuban system collapsed: 71 years after the assault on the Moncada barracks

The sharp drop of more than 50% of the Cuba’s three main lines of income – medical exports, remittances and tourism – have hastened the collapse of the governance regime. The celebration of 26 of July is a day that begins to mark the countdown to the extinction of the Cuban regime, given the depth of the crisis in which it is mired and its manifest incapacity to get out of it.

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