Perhaps V Cardona would like to tell us how Labour’s 360 million capital expenditure, their figure, on a new plant whilst restricting the interconnector, effectively rendering it wasted capital, that’s another 200 million, is going to help Enemalta.

Unless V Cardona is one of those who think the interconnector will only be ready by 2018.

V Cardona, it appears that you have read “Macro-Economics for Dummies”, and dammit, you have not even learned anything from it! Just like Joseph and Edward, with all their degrees in economics keep miscalculating and misleading.

Any time during a year, the debt to GNP can exceed 75%, but usually it is a snapshot taken when government revenues are not yet calculated. End of year figures, after all revenues for the period are in, is the only accurate indicator.
Spain may have had a lower debt than Malta only because the government had no vision to (or could not) inject money into an ailing economy to stimulate growth, or at least maintain job levels. In contrast Malta spent millions shoring up industry which not only survived and preserved jobs, but actually expanded after government intervention. Did the injection raise the deficit? Yes, but how much more would it have cost Malta if it lost plants and hundreds lined up at the unemployment line?
You and Standard and Poor’s can safely claim that Malta’s debts are at least 300% of GNP, if you include all debts including borrowings by public and private enterprises and personal debts. So what is so new in your thinking? You have to compare like with like, so please support your claims by also quoting other countries’ comparative figures. I suppose a simpler version of “Macro-Economics for Dummies” is overdue, and which may help you comprehend Macro-Economics better.
Do separate facts from fantasies.

HP, personal debts including credit cards and personal borrowings are not ‘national debts’.

The ratio of national debt to GNP are accumulated government deficits to the Gross National Product The National debt is the government’s responsibility to service/reduce/control but personal debts are the consumers’ responsibility.

Laburisti can criticize all they want and it is true that the national debt was low in their time, but that was because the GNP was so low that it could not possibly sustain a manageable national debt. That’s why the infrastructure was left to rot and no water was available at the taps.

http://www.telegraph.co.uk/news/politics/9842553/David-Cameron-given-a-lecture-on-debt-and-deficit-by-top-statistics-official.html

Sorry, couldn’t find the official video.

Jean-claude Juncker said “lie when it’s serious” ; it must be pretty serious then, everyone’s doing it.

Hallina, Cardona. SPV Malita was oversubscribed by the Maltese in a few days. No government financing there.

This government is clean and Eurostat know it. You don’t, it seems.

Valid point. Spain (and Cyprus) do have the same level of debt as Malta. And, honestly, is Malta really comparable with Germany?

German banks were the worst hit by the financial crisis, Germany is a net contributor to the EU budget and in Germany they actually have proper roads. Malta, on the other hand…

I strongly suggest you buy “Macro-Economics for Dummies” from Amazon

[Daphne – I did not plot or avoid anything, V Cardona. This is an intact screen-shot of a Eurostat official graph. You can see the date and reference right there. No, I don’t fool those with a primary level of education. Those are not my audience because they cannot read, still less read idiomatic English or understand the concepts. The fooling of people with primary-level education is Labour’s specialisation. If you look at surveys of voter habits, you will see that almost all of those who left school in childhood vote Labour.]