Cuba embraces economic reform to revive growth

More than 50 years after the Cuban revolution, the founding fathers of the Carribean island's soviet-style economy have decided to embrace modest market reforms. The ruling Communist Party appears to accept that price controls and a large public sector are no longer sustainable. Growth in Cuba has been stifled by a US embargo and huge debts to foreign exporters. According to the latest data from the Paris Club of Creditors, Havana owed 21.2 billion euros to its members at the end of 2009. ... http://www.euronews.net/