Yet another position created for Services Rendered to the Labour Party: Sandro Demarco is to be appointed ‘second’ deputy governor of the Central Bank
When the Labour Party was elected to government, it immediately demanded the resignations of the Central Bank’s governor and deputy governor.
When told that these two posts come under the jurisdiction of the European Central Bank and not of the government of Malta, which has no authority to demand or force their resignations, the new government set about an alternative course of action.
It amended the relevant legislation (Central Bank of Malta Act) to institute a ANOTHER deputy governor – meaning that the Central Bank would have two deputy governors.
The immediate criticism from all quarters was that the Central Bank does not need two deputy governors, so why was the government insisting on doing this?
The answer to that was simple and obvious: Labour had somebody in mind for the post of Central Bank governor or deputy governor when they were elected. Then they discovered that they could not dislodge the current incumbents and replace them with their chosen individuals.
So they solved their dilemma by creating another deputy governorship to keep what was probably their promise to the individual who had been expecting that job in return for services rendered.
Today I received information that the appointment of the new ‘other’ deputy governor will be announced within the next few days, and that he is Sandro Demarco (not to be confused with Alfred Demarco, the current incumbent as deputy governor – the Central Bank is going to have two deputy governors both called Demarco).
Sandro Demarco is a senior official at the Central Bank and four years ago he was subjected to an internal investigation after it was discovered – inadvertently, through another charge of which he was acquitted – that he had reviewed for the Labour Party, which was then in Opposition, a consultancy document on water and electricity tariffs. He amended this document and his name was recorded in the file properties. That is how he was discovered.
The Central Bank’s disciplinary board found that Sandro Demarco should have exercised more caution and prudence before accepting to review the Labour Party’s report (“a report on a matter which could lead to public controversy”) and that he should have notified the bank of his involvement and sought prior approval.
Demarco was ordered to assure the bank, within two weeks of his being instructed to do so, of his continued loyalty, dedication and commitment, to declare that he understood the Central Bank’s position on the matter, and to pledge that he would not do the same again.
When no such communication was received, the Central Bank published the disciplinary board’s report.
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Ara veru partit tal-skip. Iktar ma jkollok pieni, skeletri u hmieg, iktar timxi ‘l quddiem fil-Labour Party.
A*xi u tavvanza fl-MLP – garanzija. Mill-llum il-quddiem Peppi Azzopardi jista’ jibdel l-islogan annwali tieghu ghall-“Kif tista’ ma tah**x”.
When will Alfred Mifsud’s iced bun arrive? He wants to become governor and has made all the right moves to position himself for the post.
Joseph has turned the Labour Party into a collection of pimps and scoundrels run by senile gentry and incompetent morons.
Joseph is on a roll…. PAYroll that is.
The extra €500 honoraria was a scandal for the Lanour Party, but all these extra posts, ministers, etc far exceed the €500 a month honoraria.
And by the way, hadn’t they gotten a photo of a banner at the ministry of health saying out of stock medicines will be a thing of the past by 2014? 2014 is here and yet medicines are not
Oh so is this another case of meritocracy (in reverse)?
As the Maltese saying goes “Min hexa, mexa; min ma hexiex, inhexa”.
The blatant manner in which this administration puts service to the Labour Party as its criterion of meritocracy is scandalous.
Malta first and foremost, my foot.
Malta taghna lkoll, an outrageous lie.
And so we will soon have another Labour party idiot in a sensitive position.
http://www.maltarightnow.com/?module=news&at=Il%2DQorti+tilqa%27+l%2DMandat+ta%27+Inibizzjoni+tal%2DIspettur+Jeffrey+Cilia+u+tordna+li+jitwaqqaf+il%2Dpro%26%23267%3Bess+g%26%23295%3Ball%2Dpromozzjonijiet&t=a&aid=99853433&cid=39
Chaos. Not to mention the ongoing saga with deputy police commissioners, they just lost one this week, disgruntled chevaliers who expect to head the police academy and the confusing who’s who in the army.
Ghadhom ma xebghawx jiffangaw.
MLP never did what is good for the country and what is right. Their modus operandi has always been what it is good for THEM and the MLP. Take control of everything and hell with everybody else. Sadly, the general feeling I get is that the people are content with Muscat.
What about Alfred Mifsud? Wasn’t he slated to be the second deputy governor? Or has he been found to be his brother’s keeper?
Or is it due to the links to Shiv Nair that have surfaced?
I know the integrity of Alfred Demarco. But who is Sandro Demarco? More info on his background please.
So does this mean that Alfred Mifsud will be appointed Governor?
Partit taz-zibel
Dan gvern tal-habsin, tal-irgiel li saru nisa, tan-nudisti, tal-Malta Developer’s Association, tal-kaccaturi u tan-nassaba, tat-Tumas Group, ta’ Gasan, tal-miljunarji barranin….
u l-haddiem jonqoslu x-xoghol.
Malta in Labour Pains.