The real cause of Cuba's hardship is not the embargo but the state's Soviet-style economy. Traditional exports such as sugar cost the regime more to produce than they sell for on the global market. Tourism brings in hard currency but not nearly enough to provide for Cuba's needs. Debt payments are so uncertain that major trade partners often must extend new loans. [End Excerpt]
Friends of Fidel--Washington Times-[Excerpt] Louisiana rice and Illinois wheat producers should not assume that selling to Havana is synonymous with getting paid. U.S taxpayers should be wary. Mr. Castro desperately needs credits and subsidies, and Washington is being pressured to provide them.
If the United States begins to subsidize trade with Cuba estimated at $100 million a year five years from now, U.S. taxpayers could be holding, or paying off, a $500 million tab. That´s real money.
Before extending Mr. Castro credit, grain growers should visit any street corner in Manhattan and observe a game played there. Called three-card monte, it consists of convincing the player that he knows exactly where the card carrying his money is. Until it disappears. In this game, the gambler takes his own chances. Where trade with Mr. Castro is concerned, the U.S. taxpayer will be left holding the losing card. -[End Excerpt]