Sunday was a day of commemoration in Cuba — the 56th anniversary of the start of the Cuban Revolution — but the message from President Raul Castro was not all celebratory. The island nation will face a second round of belt-tightening as a result of the global financial crunch, Castro said in a speech marking Revolution Day. He said that on Tuesday he would hold a meeting of the Council of Ministries “dedicated to the analysis of the second cost adjustment in this year’s plan, due to the effects of the global economic crisis, especially on the reduction of revenues from exports and the additional restrictions on accessing external financing.” The global economic downturn has hit Cuba hard.
