US cable: Cuba to be insolvent within 2-3 years
A newly released confidential US diplomatic cable predicts Cuba's economic situation could become "fatal" within two to three years, and details concerns voiced by diplomats from other countries, including China, that the communist-run country has been slow to adopt reforms.
The cable was written in February, months before Cuban President Raul Castro announced a major revamp of the island's economy, laying out plans to fire a half million state-workers and open up the island to expanded forms of private enterprise. (AP)
