OPINION: Biggest challenge since the Invasion

US trooops celebrate the end of Operarion Just Cause

 
620Views 17Comments Posted 01/07/2020

The Cortizo administration starts its second year with a confusing and complicated economic outlook. When the current government began, the Panamanian economy was declining. The PRD inherited a tripled public debt, an inflated and inefficient administration and growing unemployment rates. The current government has faced an economic challenge comparable to the recovery after the military dictatorship and the invasion, the pandemic, with more indebtedness and a reduction in state investment.

 The horizon remains cloudy, not only due to the health crisis but also due to uncertainty about the economic recovery strategy. State actions must promote growth, as well as the reduction of inequality. This is affected because there is no clarity about the destination of the loans received during the crisis, which increases the problem of the lack of transparency of the government and makes it difficult for private capital to take risks.

Panama requires a leadership that takes the reins of the country with transparency, consensus and that works focused on raising the national economy – LA PRENSA, Jul 1



Comments 17

user
Respectful

Jbb takes umbrage at the word "invasion." In fact, the US military inflicted more death and destruction in 1989 than any other event in Panama's history. Gringos worred that crime will rise here due to longterm unemployment should consider that high unemployment will also persist in the US for years.

1 month ago
user
Pedro

If Nortizo is not kicked out by the Citizens of Panama ( catch him and set up a trial in front of the TV) take a look to Romania (25 years back) what they did with their Dictator, Panama will disappear from the map of Democracies only the canal will work but the people ( they doing nothing against the PRD) will remain in poverty the next 40 years. Panama go ahead it's 5 past noon.

1 month ago
user
Oh ya

Shirley just thought of a old saying us older people will remember... Misery loves company. And we know there are miserable people everywhere in the world. On another thought the goverment took Saturday away from the guys for a while, maybe thats why your husband caught heck. Rrmember if it is in Spanish or any other language you can use your smart phone and Google translate to read it. Just hit the camera icon and pass it over what you are trying to read. It is hard sometimes to get it focused but you will get the jist of yhe article. So remember Misery loves company. Go get some $3 chicken, rice, beans from a fonda and enjoy

1 month ago
user
yarkaki

Shirley, do not let the nansayers scare you. No reason. Playa Blanka, your imagination is out of control. Shirley...men shopping days were on Tuesday, Thursday and Saturday... so why was your husband yelled at for shopping on a day he could? Maybe the problem was you and the police were 'yelling' at your husband since you were with him... If ur gonna live here try to gain a little Spanish.... And no, all the Jews are not leaving. Some did go on flights to Israel, yes, just like some gringos have gone back to the U.S. (thank you) but a lot of them are still here. Take what you read here, even what I put forth, with a little bit of knowledge and sarcasm.

1 month ago
user
Oh ya

Shirley the jews did not flee panama. Uninformed people on here are using it as a scare tactic. Yes there was a repartation flight back to israel just like the ones back to the US, Canada etc. I personally have friends who took it and have jewish friends trying to get a flight back from Israel to panama. The jewish community is big in panama and they are aleaus coming and going and they for the modt part other than the backpack jews have the money to travel whenever they want. Read the cpmments and you can see who the fake and real grongos living here. Lots of comments on here are coming from people who have left or want to leave because they had no idea what living in any 3 rd country was going to be like. Tjey got sold by some sweet talking sales person, most of these people likely bought on their first trip down here and now they are mad thus wantingvto paint Panama as a bad place because they are stupid.. So you and your husband settle down and relax. Before this world virus remember Panama has very few laws that interfere with your life here other than the cops catching speeders and that is just a game we play everywhere in the world. So in closing some jews left some coming back as some Americans left some coming back likewise Cansdians. Take the comments here with open eyes i thing some are posting under 2 or more names. Take a big breath you 2 and relax

1 month ago
user
Snake Pliskin

@oh ya. I have not only talked to the locals about noriega but I am married to one that was there during the invasion. Most locals will not tell you to your face that they are angry about it, but most of the older generation are. Many people lost their homes and businesses during the noriega extraction. Many stores were looted by starving victims. Shooting the kid with the flag was the straw that broke the camels back. @ playa blanca. I highly recommend that you invest in security other than a pistol. Guns are very much frowned upon by the police there and the gringo will almost always lose in court. This is coming fron a gun toting Texan. I never brought one to Panama and I never would. Too risky

1 month ago
user
Shirley Wills

Ummm I had no idea. We don't speak Spanish and it's been a struggle keeping up with constantly changing rules. My husband was yelled at by two policemen back in April because we didn't know that men couldn't shop on Saturdays. This whole thing with the Jews fleeing might be the last straw. For my husband it's like a personal defeat if he has to quit and leave Panama, but for me with this Jews news I want go back home. Tonight we are going to have to make a decision. Honestly I'm scared and I don't think it's safe here anymore.

1 month ago
user
Punta Arenas

Shirley they are referencing the news that all the Jews boarded planes and fled for Israel. Since the holocaust the Jewish people are more vigilant to troubling changes in society. Here in Panama the Jews were very wealthy and well connected. So when they fled it confirmed most peoples worse fears about what is happening here.

1 month ago
user
Shirley Wills

What is everyone talking about the Jews leaving? Did I miss something?

1 month ago
user
Coiba

OH YA if everything is so peachy why did the Jews flee?

1 month ago
user
Oh ya

Jb have you ever talked to the locals about noriega? Most i have talked to said it was not bad for the average Panamanian. The higher ups in the coty had to deal with him but the average guy did not. They knew who the drug dealer was unlike now with the many gangs because at that time he was the gang and nobody else. As far as the US just being nice to Panama lets not get crazy, they shot local kids putting up their flag in their country. Giving the ditch back was what it cost to kill kids, and have you ever seen all the photos of the invasion, running over cars full of women and kids does not make a hero, it does make a zero though, you should go look at the history photos in the city

1 month ago
user
Oh ya

It's not just Panama that is going to be in a bad place, the whole world is crashing from the central banks around the world printing money like drunken sailors. Times will be tpugh her for both the locals and the gringos that need to work for a living here. The retired gringo not so much as long as the USD still has value. If anyone thinks that the plus 40 million people in the United States are all going back to work they are crazy. Same here, same in every country. Sara will be on here begging to clean the gringo house.

1 month ago
user
Seabreeze

Sale is completed and now we are going to await our flight. We feel like a huge weight has been lifted off us now that we have liquidated in Panama. The money was wired and confirmed by our bank in Texas. We will of course pray for those still trying to get sell and get out of Panama ahead of the collapse. When we saw the Jews flee we naturally became more anxious as everyone knows they are the true barometer of whats coming.

1 month ago
user
Playa Blanca

A very sober accounting of what we all face here Tomcat. The security situation here had been improving but now I am worried. Some of us remember the days of people being kidnapped and robbed leaving Tocumen. The road workers finding dismembered heads, arms, legs all along corredor norte. The rash of home invasions from the city all the way to Boquete. The seemingly endless murders in Bocas. We are in much worse times now so I fear the worst going forward. I want to buy an illegal pistol to keep here in the condo and carry in the car but my wife who is Costa Rican is afraid of all guns.

1 month ago
user
Veraguas

Panama has real unemployment at around 60% and many jobs are never coming back. With each passing day the country becomes more impoverished. Foreign investment has dried up and it will be years before any meanigful tourism begins again. It will be harder and harder for the shills and property barkers here to convince anyone to buy . Crime is going to skyrocket everywhere. Mostly property crimes but expect increases in home invasions, car jacking, express kidnapping and armed robbery. Gringos are readily identifiable and easy targets. Gringo businesses like B&B and restaurants will be frequent targets. The leftist cow poke who is in office now has no clue on how to operate a capitalistic economy and save Panama. He will increase taxes on already hurting business and push them to lay off workers or close altogether. For the average gringo who is living on SS check they think it doesn't effect them. When they are tied to a chair losing fingers to a guy dressed in plastic asking for ATM and bank account numbers then it will be real.

1 month ago
user
Tomcat

The USA would never have gifted the canal to Panama with Noriega in power. Panama today would just be another Guatemala if the USA had not knocked the Noriega regime from power. Lord knows the people don't have the stones to do it themselves.

1 month ago
user
Jbbrown

There was no invasion there was a liberation of Panama from a cruel leftist dictator Noriega. If the USA planned to invade and conquer then they would have stayed and occupied Panama. Instead they deposed the Noriega dictactorship and turned the country back to the Panamanian people and helped Panama get back on it's feet. What a bunch of tripe to call it an invasion! The most ungrateful country on the planet.

1 month ago
The comments are the responsibility of each author who freely expresses his opinion and not that of Newsroom Panama.
Please enter a valid email.
Please enter username.
Please, enter a valid message.
Please validate that it is not a robot.