Times of Malta today: ‘Maltese exports continue to slide’
Published:
May 17, 2014 at 5:12pm
Well, if things get really bad then we can all eat rainbow flags, I suppose, and barbecue the fattest cabinet ministers.
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Have tuna imports increased? If not, a reduction in the price to boost that sector is in order.
Too bad to be true. It is true though.
Over the past year, the Labour government has been busily investing in its “fabbrika tal-gideb” (factory of lies), but their attempts to export their lies have so far proved unsuccessful.
Government better create more value added jobs and attract real investment to Malta unless it wants to follow in the footsteps of Zapatero in Spain who was fixated with civil liberties and rights and forgot all about the economy.
Zapatero was not propped up by the Chinese though. Or by Henly and Partners.
I disagree with the Zappatero bit. I am more inclined to think that Muscat is more of a Blairian: he is as immoral, as much of a liar and a populist as the original item.
And there I thought that “allowing them to work” was the solution to all problems…
It was never a “helping them to work”
100 MILLION EUROS and Labour are happy with their 2 cents gift.
You see, the message is in the manner of communication:
If people are so stupid as to not to see the difference, so deaf as to not to hear it then the simple thing to do is to break it down:
Based on 480,000 as the population:
The NP gave every single person 208 euro.
whereas the MLP is promising to give 0.02 euro, or 2 euro cents in June 2014, if it manages to keep this promise without cheating.
Now let them compare.
To make matter worse, it’s actually 208.33 euro before the round off.
Ara kif itellali l-cholesterol Manuel Mallia!
Nispera li dawk li pruvaw lil Joseph jifthu ghajnejhom.
Biex tiftah ghajnejk l-ewwel irid ikollok mohh.
As usual Times of Malta journalists at their amateur best. If it were a real 21% slide in exports last year, most factories would be on a four-day week and/or a number shutting down. It may well be the “re export” of oil bunkering supplies.
Incredibly, the government does not even explain it. Probably not aware of it, as they are too focused on registering gay marriages.
Joseph Cuschieri ser jaghti nofs il-paga ta’ MEP lill-karita’ … fl-ahhar induna, li ma haqqux il-paga li jiehu ..
It’s clearly the eurozone effect, Daphne. It’s all downhill from here on, but it’s going to be very easy to blame it on your favourite fall guy because he defines the parameters of your political and economic worldview.
Who’s going to pay for your gravy train, Kev?
Sharon sent me a leaflet asking me to vote il-kandidati ewroxettici.
Lovely alliance she got there, Marine Le Pen and Franz Obermayer joint top of the % absence list, Kent Ekeroth was last seen threatening a woman with a metal bar outside a pub and Philip Claeys insists on splitting Belgium in half in his spare time, call it practice.
Anything to get funding.
kev : Can you let us have a forwarding address (preferably in Malta to save on the postage) to return the Eurosceptic tripe leaflets your wife has been sending us?
The eurozone has been doing better than us you half-wit. Just look at the statistics.
Is it so, Michael? Which statistics are you referring to? Debt to GDP rate? Growth rate? Unemployment rate? We’re talking about the Eurozone average, I hope you know that.
Perhaps you’re get your stats from The Beano, I don’t know.
If it’s ‘the eurozone effect’, then how come Malta’s suffering the effects now, when most other eurozone countries are getting back on their feet?
Just seems like plain old economic mismanagement by Labour in government destroying the previous stability we enjoyed to me.
The eurozone is not recovering. On the contrary the ECB is set to start the money printing machine because ‘inflation is too low’ and the ‘euro is too strong’. (You see, in a topsy turvy world where money is debt, you need to kill off savings and raise prices by creating more money… always at an interest – and that’s the catch.)
Related: http://www.zerohedge.com/news/2014-05-16/real-reason-draghi-will-do-whatever-it-takes-crush-euro
Exports down
Unemployment up
Banks lending down
Machinery imports down
Government employment (non-productive jobs) up
General consumption down
VAT and tax revenues down
Government debt surging
Only positive results are coming from Tourism industry, hope this is maintained…….otherwise this is another Greece like failure in the making.
January-February 2013 were the last two months before the elections and Malta was led by a lame government that did not even have a parliamentary majority.
And yet exports were better than the first two months of this year, when we are enjoying such ‘positive energy’. And we had less unemployed too.
Exports continue to slide?
Don’t worry. Government consultancies by “tal-qalba” continues to soar.
Muscat,like his predecessor Mintoff, prefers to cut corners, gamble and try and to find the easy way out instead of laying the foundations for business to flourish.
That’s quite a lot of passports Joseph needs to sell
I think you may find Bulgaria has the market cornered now, unless that is people like paying 450.000 more for an inferior product. I don’t know anyone who does, do you?
Tinkwetawx, Muscat ser jogholli l-exports bil biegh tal-passaporti.
Only 81 people took advantage of Spain’s residency scheme so far, 72 of them opting for the option of investing at least 500,000 in real estate.
How’s Malta doing?
http://economia.elpais.com/economia/2014/05/16/actualidad/1400266783_852689.html
Perhaps Alfred Sant can advise Muscat to devalue the Euro?
In positive energy speak this is good news because we are saving on freight costs not having to export so much and this is what is driving up our new sunshine economy as we speak.
http://maltastar.com/dart/20140516-malta-inflation-rate-lower-than-eu-average
Got to love the article… the letters magically had the effect of lowering inflation. Incidentally if that figure turns negative (it’s lower because we are spending / earning less) we’re in the poo.
It is not the change that is interesting , it is the rate of change DOWNWARDS which is FRIGHTENING.
The good news is that exports cannot go down by more than 100%
If the Eurozone economies are on the mend, it always takes two years for the effect to percolate to the Maltese economy.
What are Muscat’s plans in all spheres beginning Monday 26th May. The roadmap requires a complete rewrite not tweaking here and there – reminds me of it-tbazwir ta’ Alfred Sant.
Our economy is analogous to a game of snooker. Each of the snooker balls on the table are impacted by the movements of the others. When the white cue-ball hits another coloured ball, a series of events is created, repositioning some or more, if not all, other balls and causing a net change on the snooker table. This change will be directly proportional to the force of the original kick transmitted to the white cue ball by the snooker player. The stronger the kick, the stronger the shock and the greater the change and therefore the repositioning of the other balls and the ‘situation’ on the soccer table.
Joseph Muscat has created a major repositioning of our economy with two very strong kicks, the IIP and Chinese ‘investment’. These have forced a repositioning of all our investment, economic and financial paradigm.
One of the first effects on our economy was foreign investment, which has seen a drastic reduction. This does not need much brain matter to understand since serious investors would be very reluctant to invest in a place where national policy could be impacted, if not dictated, by the self-interest of millionaires and billionaires buying their passports in a cloak-and-dagger way without real scrutiny and in cahoots with the local powers that be, including their total protection of secrecy by the local police big heads, banana-republic style.
The reduction in foreign investment has now impacted on our manufacturing and servicing sectors which have impacted on our local commercial activities. Uncertainty has taken over with many local investors reducing their activities, thus banks have seen their level of loans crash with the risk of bigger problems for them if this persists for more than another year.
This uncertainty has filtered down to the individual/family-unit level causing spending to be reduced to the bare necessities for many people who depend on wages that originate, directly, indirectly or by proxy, from industrial and other activities that are suffering from loss of orders, production, exports and other ills.
If the Maltese people cannot realise this, then someone has to tell them. I’m pretty sure that Joseph Muscat would not be the one to do such a thing, but I would expect that the mainstream media financial gurus and THE LEADER OF THE OPPOSITION are in duty bound to explain all this to the people. But I suspect that Simon Busuttil is afraid of being accused of NEGATIVITY.