Perhaps Joseph and Anglu might care to issue a press statement (separately, of course) about this?
Published:
November 18, 2011 at 5:20pm
Ha niccelebraw, l-ahwa, ghax in-nies ghandom il-flus wara kollox.
The Treasury has just announced that it has received applications for €295 million worth of government stocks, more than twice the authorised issue of €100 million and the over-allotment option of €44 million.
Of these, applications from the general public (meaning individuals rather than companies, institutions, corporations and so on) totalled €134 million.
No wonder there are so many people starving in the streets. They’re all saving their money to buy government stocks.
14 Comments Comment
Reply to marcus Click here to cancel reply
In-nies qed jieklu l-istock tal-gvern.
Biex taghmel stock tal-gvern, itfa’ l-bonds f’borma flimkien ma’ litru ilma u werqa randa….
Ejja, Defni, int li tikteb ir-ricetti….
allura dawn kollha hbieb tal-hbieb?
Were foreigners eligible to apply for these stocks?
How many individuals applied for the €134m tranche?
People are voting with their money,they are putting them in a safe haven …Svizzera fil-Mediterran.
I recall that in 2008, DrAlfred Sant on a TV Xarabank debate with Dr Gonzi, was of the opinion that our government should have done what the Greeks were doing then “..u iva tbazwar ftit l’hawn u tbazwar ftit l’hemm fil-kontijiet”.
We would have already sunk by now, and government stocks wouldn’t have been up for grabs for a mere 3.25% yield.
Without doing anything the government got a cool € 3,200,000 with this stock issue which is at a price of €103 for every €100 nominal,then it will get another 15% in tax on the interest paid.
If we had cooked our books like Alfred Sant told Gonzi to do, the interest would have been at around 7% and the price at par value.
Ghax ma’ jithajrux johorgu stocks tal-Labour?
Idawru lira, u jhalluna bi kwietna.
Any Labour stocks will be unsecure(d), without any guarantee, unsubordinated, of no interest and with high risk.
While Malta is enjoying the confidence of both foreign and local investors and foreign owned companies are expanding their facilities and hiring more workers, the Labour Party is organizing a ‘Quality Malta’ fair and asking companies for a fee of between euro 750 and euro 6000 depending on which package they choose to pick up!
It is (unofficially) reported that:
Package 1, (e750) consists of the mobile phone number of the ‘ tink-tank’.
Package 2, (e1250) consists of Pkg 1 plus the phone number Toni Abela.
Package 3 (e2000) consists of pkgs 1 & 2 plus ic-Caqnu’s phone number.
Package 4 (e3000) consists of pkgs 1 to 3 plus Insp ‘Tuks Fors’, Anglu Farrugia’s mobile number.
Package 5 (e4500) consists of pkgs 1 to 4 plus Joseph’s telephone number and lastly,
Package 6 (e6000) consists of pkgs 1 to 5 plus a hemberger with Joseph (look mummy at my thinning hair) at MacDonalds ta San Giljan.
What these business people do not realize is that they will be paying for these ‘packages’ supposedly designed to help them promote ‘Quality Malta’ when these businesses have been doing it so successfully for much longer than Joseph had been running the ‘No2EU’ campaign and without the Labour Party’s help and hindsight.
They will probably be giving Joseph some ideas, free of charge, of course, and for which Joseph will immediately claim credit for.
What a bunch of losers. We knew that the LP’s finances were in dire straits, but to charge business people who the LP claims are starving is downright crass and dishonest.
Well, Joseph has to build the ‘gallarija’ at the Mile End and since Gaddafi’s dinari have stopped coming, he has to raise the money somehow.
Have you noticed the advert, no red, no mention of PL, trying to attract people to this activity – then you find Joseph inaugurating the show?
At last I found someone who put into words my feelings:
Joseph Vassallo, (Bugibba)
Yesterday, 22:26
@ John Schembri: “…and Joseph and Co will take it.”
Of course they will take their raise and rightly so too.
I agree they ALL deserve to be paid according to their status. They are governing an annual budget of two billion Euros, for heaven’s sake. Is it sensible to pay peanuts for that? Good pay promotes honesty. Poor pay promotes corruption.
Do our elected representatives get a regular day off, even if some of their work is for the party rather than for government or constituents? How does their reward compare with an MEP’s €85k plus €220k assistants’ allowance plus nearly €300k of undocumented expenses?
Those who begrudge this stipend should contest the elections and get themselves elected, if they feel qualified or competent. After all, if Staller got herself elected, everything is possible. Once elected, they can decide whether to forego the enhanced honorarium and spend seven days a week traipsing around the island on government or party appearances apart from their normal administrative duties. !!!
BUT… I do not agree with the continued practice of their profession when being paid a worthwhile honorarium. In some cases, this can appear to be in conflict with some duties and cause lack of transparency.
Front-benchers from both sides of the house should be full-time politicians and so should their assistants.
Backbenchers can keep their day job if they choose to do so.
http://www.timesofmalta.com/articles/view/20111117/local/auditor-general-s-report-should-put-government-to-shame.394356
They seem to be doing a Hokey Cokey in the picture. I wonder if they can tell their right from their left.
Daphne, the PN are updating their policies. Interesting thoughts and ideas. But why then publish a document which has a gross spelling mistake on its front page. “Apporvat” is more Jason Micallef than the PN. Am saddened by this lack of attention.
http://www.timesofmalta.com/articles/view/20111118/local/pn-updating-policies-to-remain-relevant.394471
I think that Labour has still to remember that you cannot fool all the people all the time
I have a felling that disgruntled PN voters have started smiling again.
Come on, Gonzi and Co – try and avoid auto-goals and continue concentrating on important matters. The fourth electoral victory in a row (a Maltese record) might still be possible.