Malta off the hook on deficit
Exactly what are you hoping to achieve here, Franco?
Does Franco Debono have an opinion about this too? Or Joseph Muscat, perhaps, given that Franco is about to help make him prime minister?
Or shall we ask Anglu Farrugia – after all, he’ll be deputy prime minister before the summer is in.
I can tell you what Franco’s view is: that it’s not as important as political party financing, and political party financing is important because that was the subject of his law thesis – you know, the one which was assessed as a failure by, among others, Ugo Mifsud Bonnici and saved at the last minute when they took pity on him and suggested he makes some changes.
And now to add insult to injury, Franco’s report on political party financing wasn’t submitted to the Council of Europe bosses, and the government sent in a report written by….Carmelo Mifsud Bonnici instead.
timesofmalta.com, this afternoon
by Ivan Camilleri in Brussels
MALTA OFF THE HOOK ON DEFICIT
The European Commission said this morning that it would not take further legal action against Malta over its excessive deficit and gave the island a clean bill on the ‘effective measures’ taken.
Following the presentation of the 2012 budget and further cost cutting measures announced by the Maltese authorities last Friday, the Commission today concluded that Malta was in line with the EU rules and ‘no further measures are necessary.”
On the other hand the Commission decided to take further measures against Hungary.
Projected at 2.8 per cent of GDP by the end of 2011, Malta currently has one of the lowest deficits among the EU 27. The government said last week it would this year reduce its spending by €40 million more than announced in the Budget in November.
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He thinks we can still pour millions into a couple of factories to ensure employment.
B’daqshekk? Mhux kemm tbazwar?
So the EU and Malta are embarking on the year 2012, fully aware that this year’s financial and economic crises are unprecedented since WWII.
Our government, led by Dr Gonzi and notwithstanding its myriad faults, has consistently proved that Malta can weather the storms.
Now the ship of state is entering hazardous waters with the real possibility of being led by a bunch of inexperienced politicians and wannabe economists purely on the whim of a spoilt MP. Unbelievable.
As far as Anglu Farrugia is concerned it may well be that Malta is off the hook but it certainly ain’t off the rekort.
Do we have to thank Franco for this as well? Lawrence Gonzi and the so-called klikka must have done something right.
This pillock thinks that his ideas are far more important than the economy.
And probably that is why he feels more important than his prime minister.