This can happen through the reduction of European consumers who would come to the Caribbean as tourist and occupy the Caribbean as a vacation location. As a result a reduction in tourist to any Caribbean island will lead to reduction in the countries income because of the heavily reliance on tourism. This reduction would be as a result of the raise in the unemployment rate. Another factor that could be affected is the devaluation of the euro and could add pressure to the valuation of the currencies, and making it harder in using interest rates as a tool for inflation control. Finally European countries which help in the process of developing countries in the Caribbean would be reduced. Because of the high debt that the countries would be facing it would be hard to
This can happen through the reduction of European consumers who would come to the Caribbean as tourist and occupy the Caribbean as a vacation location. As a result a reduction in tourist to any Caribbean island will lead to reduction in the countries income because of the heavily reliance on tourism. This reduction would be as a result of the raise in the unemployment rate. Another factor that could be affected is the devaluation of the euro and could add pressure to the valuation of the currencies, and making it harder in using interest rates as a tool for inflation control. Finally European countries which help in the process of developing countries in the Caribbean would be reduced. Because of the high debt that the countries would be facing it would be hard to