EDITORIAL - Debt Restructuring Merely One Step

KINGSTON, Jamaica, Gleaner - Monday night's unprecedented joint broadcast by Prime Minister Portia Simpson Miller and Finance Minister Peter Phillips about the proposed restructuring of Jamaica's domestic debt - and other measures to reform the economy - is a welcome first step. But Mrs Simpson Miller and Dr Phillips will understand if this newspaper, as do many other Jamaicans, wants to see the Government do more to be assured that the administration is not merely flattering to deceive. For we have been here before. A mere three years ago, the then Jamaica Labour Party administration restructured the domestic debt, a move that was supposed to have placed Jamaica on a path to economic sustainability. It soon lost its way.