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	Comments on: Another shocker: Electrogas Malta Ltd&#8217;s share capital is just €10,000	</title>
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	<link>https://daphnecaruanagalizia.com/2016/04/electrogas-malta-ltds-share-capital-just-e10000/</link>
	<description>Daphne Caruana Galizia is a journalist working in Malta.</description>
	<lastBuildDate>Wed, 27 Apr 2016 20:34:00 +0000</lastBuildDate>
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		<title>
		By: Mac Taylor		</title>
		<link>https://daphnecaruanagalizia.com/2016/04/electrogas-malta-ltds-share-capital-just-e10000/#comment-3084786</link>

		<dc:creator><![CDATA[Mac Taylor]]></dc:creator>
		<pubDate>Wed, 27 Apr 2016 20:34:00 +0000</pubDate>
		<guid isPermaLink="false">http://daphnecaruanagalizia.com/?p=81000#comment-3084786</guid>

					<description><![CDATA[In reply to &lt;a href=&quot;https://daphnecaruanagalizia.com/2016/04/electrogas-malta-ltds-share-capital-just-e10000/#comment-3084612&quot;&gt;Daphne Caruana Galizia&lt;/a&gt;.

All public tenders must pass through a series of checks, evaluations and due diligence, including a thorough analysis of the tenderer&#039;s financial accounts and company details. 

For a project worth €350 million, someone, somewhere must have deliberately skipped the financial part of the tender requirements.

Now we are being lumped with the consequences of this deliberate &#039;oversight&#039;.]]></description>
			<content:encoded><![CDATA[<p>In reply to <a href="https://daphnecaruanagalizia.com/2016/04/electrogas-malta-ltds-share-capital-just-e10000/#comment-3084612">Daphne Caruana Galizia</a>.</p>
<p>All public tenders must pass through a series of checks, evaluations and due diligence, including a thorough analysis of the tenderer&#8217;s financial accounts and company details. </p>
<p>For a project worth €350 million, someone, somewhere must have deliberately skipped the financial part of the tender requirements.</p>
<p>Now we are being lumped with the consequences of this deliberate &#8216;oversight&#8217;.</p>
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		<title>
		By: Jozef		</title>
		<link>https://daphnecaruanagalizia.com/2016/04/electrogas-malta-ltds-share-capital-just-e10000/#comment-3084705</link>

		<dc:creator><![CDATA[Jozef]]></dc:creator>
		<pubDate>Wed, 27 Apr 2016 14:08:00 +0000</pubDate>
		<guid isPermaLink="false">http://daphnecaruanagalizia.com/?p=81000#comment-3084705</guid>

					<description><![CDATA[And the crux will be whether Busuttil chooses to carry through Muscat&#039;s conditions of contract. 

As of this week, Busuttil hints he won&#039;t. The hint directed primarily at the commision, blackmailed into politicsl expediency for an EU facing a crisis in consensus. 

If, as is now amply clear, the bulk of capital is local, who&#039;s to insist on the Maltese having to go through the dealer? 

Saving BOV may be easier than we&#039;ve been told by Muscat. The guarantee was announced to seal the sense of helplessness. 

Your question would uncover the extent of resistance. Which could uncover further collusion. As you said, a double con. 


]]></description>
			<content:encoded><![CDATA[<p>And the crux will be whether Busuttil chooses to carry through Muscat&#8217;s conditions of contract. </p>
<p>As of this week, Busuttil hints he won&#8217;t. The hint directed primarily at the commision, blackmailed into politicsl expediency for an EU facing a crisis in consensus. </p>
<p>If, as is now amply clear, the bulk of capital is local, who&#8217;s to insist on the Maltese having to go through the dealer? </p>
<p>Saving BOV may be easier than we&#8217;ve been told by Muscat. The guarantee was announced to seal the sense of helplessness. </p>
<p>Your question would uncover the extent of resistance. Which could uncover further collusion. As you said, a double con. </p>
]]></content:encoded>
		
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		<title>
		By: g jameson		</title>
		<link>https://daphnecaruanagalizia.com/2016/04/electrogas-malta-ltds-share-capital-just-e10000/#comment-3084620</link>

		<dc:creator><![CDATA[g jameson]]></dc:creator>
		<pubDate>Wed, 27 Apr 2016 08:35:00 +0000</pubDate>
		<guid isPermaLink="false">http://daphnecaruanagalizia.com/?p=81000#comment-3084620</guid>

					<description><![CDATA[
Banks are not concerned about the remaining 90 million euros of debt as guaranteed by the shell company, as the government has an agreement to buy the entire share capital of the shell company and thereby assume responsibility for its guarantees.]]></description>
			<content:encoded><![CDATA[<p>Banks are not concerned about the remaining 90 million euros of debt as guaranteed by the shell company, as the government has an agreement to buy the entire share capital of the shell company and thereby assume responsibility for its guarantees.</p>
]]></content:encoded>
		
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		<title>
		By: Daphne Caruana Galizia		</title>
		<link>https://daphnecaruanagalizia.com/2016/04/electrogas-malta-ltds-share-capital-just-e10000/#comment-3084614</link>

		<dc:creator><![CDATA[Daphne Caruana Galizia]]></dc:creator>
		<pubDate>Wed, 27 Apr 2016 08:12:00 +0000</pubDate>
		<guid isPermaLink="false">http://daphnecaruanagalizia.com/?p=81000#comment-3084614</guid>

					<description><![CDATA[And Saviour Balzan is still banging on about the &#039;skandlu taz-zejt&#039;.]]></description>
			<content:encoded><![CDATA[<p>And Saviour Balzan is still banging on about the &#8216;skandlu taz-zejt&#8217;.</p>
]]></content:encoded>
		
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		<title>
		By: Daphne Caruana Galizia		</title>
		<link>https://daphnecaruanagalizia.com/2016/04/electrogas-malta-ltds-share-capital-just-e10000/#comment-3084612</link>

		<dc:creator><![CDATA[Daphne Caruana Galizia]]></dc:creator>
		<pubDate>Wed, 27 Apr 2016 08:02:00 +0000</pubDate>
		<guid isPermaLink="false">http://daphnecaruanagalizia.com/?p=81000#comment-3084612</guid>

					<description><![CDATA[Yes, that&#039;s exactly what it means.]]></description>
			<content:encoded><![CDATA[<p>Yes, that&#8217;s exactly what it means.</p>
]]></content:encoded>
		
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		<title>
		By: Godfrey Leone Ganado		</title>
		<link>https://daphnecaruanagalizia.com/2016/04/electrogas-malta-ltds-share-capital-just-e10000/#comment-3084608</link>

		<dc:creator><![CDATA[Godfrey Leone Ganado]]></dc:creator>
		<pubDate>Wed, 27 Apr 2016 07:21:00 +0000</pubDate>
		<guid isPermaLink="false">http://daphnecaruanagalizia.com/?p=81000#comment-3084608</guid>

					<description><![CDATA[Shareholders like Gasan and Fenech need the goodies to build their MEPA-approved projects and pay &#039;commissions&#039; in the form of free apartments in high end locations.]]></description>
			<content:encoded><![CDATA[<p>Shareholders like Gasan and Fenech need the goodies to build their MEPA-approved projects and pay &#8216;commissions&#8217; in the form of free apartments in high end locations.</p>
]]></content:encoded>
		
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		<title>
		By: Jack Bean		</title>
		<link>https://daphnecaruanagalizia.com/2016/04/electrogas-malta-ltds-share-capital-just-e10000/#comment-3084588</link>

		<dc:creator><![CDATA[Jack Bean]]></dc:creator>
		<pubDate>Tue, 26 Apr 2016 20:53:00 +0000</pubDate>
		<guid isPermaLink="false">http://daphnecaruanagalizia.com/?p=81000#comment-3084588</guid>

					<description><![CDATA[In reply to &lt;a href=&quot;https://daphnecaruanagalizia.com/2016/04/electrogas-malta-ltds-share-capital-just-e10000/#comment-3084563&quot;&gt;Kelinu&lt;/a&gt;.

Interesting points raised here. The media and the Opposition need to explain the issues involved in more mundane, accessible terms.]]></description>
			<content:encoded><![CDATA[<p>In reply to <a href="https://daphnecaruanagalizia.com/2016/04/electrogas-malta-ltds-share-capital-just-e10000/#comment-3084563">Kelinu</a>.</p>
<p>Interesting points raised here. The media and the Opposition need to explain the issues involved in more mundane, accessible terms.</p>
]]></content:encoded>
		
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		<title>
		By: Daphne Caruana Galizia		</title>
		<link>https://daphnecaruanagalizia.com/2016/04/electrogas-malta-ltds-share-capital-just-e10000/#comment-3084586</link>

		<dc:creator><![CDATA[Daphne Caruana Galizia]]></dc:creator>
		<pubDate>Tue, 26 Apr 2016 20:52:00 +0000</pubDate>
		<guid isPermaLink="false">http://daphnecaruanagalizia.com/?p=81000#comment-3084586</guid>

					<description><![CDATA[I would have had nowhere to write. There was no internet, and The Times and The Sunday Times were divorced from reality.]]></description>
			<content:encoded><![CDATA[<p>I would have had nowhere to write. There was no internet, and The Times and The Sunday Times were divorced from reality.</p>
]]></content:encoded>
		
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		<item>
		<title>
		By: M.		</title>
		<link>https://daphnecaruanagalizia.com/2016/04/electrogas-malta-ltds-share-capital-just-e10000/#comment-3084585</link>

		<dc:creator><![CDATA[M.]]></dc:creator>
		<pubDate>Tue, 26 Apr 2016 20:50:00 +0000</pubDate>
		<guid isPermaLink="false">http://daphnecaruanagalizia.com/?p=81000#comment-3084585</guid>

					<description><![CDATA[My thoughts exactly.  Then again, there isn&#039;t much choice.]]></description>
			<content:encoded><![CDATA[<p>My thoughts exactly.  Then again, there isn&#8217;t much choice.</p>
]]></content:encoded>
		
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		<item>
		<title>
		By: M.		</title>
		<link>https://daphnecaruanagalizia.com/2016/04/electrogas-malta-ltds-share-capital-just-e10000/#comment-3084584</link>

		<dc:creator><![CDATA[M.]]></dc:creator>
		<pubDate>Tue, 26 Apr 2016 20:48:00 +0000</pubDate>
		<guid isPermaLink="false">http://daphnecaruanagalizia.com/?p=81000#comment-3084584</guid>

					<description><![CDATA[In reply to &lt;a href=&quot;https://daphnecaruanagalizia.com/2016/04/electrogas-malta-ltds-share-capital-just-e10000/#comment-3084563&quot;&gt;Kelinu&lt;/a&gt;.

Now try explaining that to the likes of all the dimwits who think that the Panama Papers was a &quot;story&quot; invented by the Nationalists who are &quot;jealous of Joseph&quot;.]]></description>
			<content:encoded><![CDATA[<p>In reply to <a href="https://daphnecaruanagalizia.com/2016/04/electrogas-malta-ltds-share-capital-just-e10000/#comment-3084563">Kelinu</a>.</p>
<p>Now try explaining that to the likes of all the dimwits who think that the Panama Papers was a &#8220;story&#8221; invented by the Nationalists who are &#8220;jealous of Joseph&#8221;.</p>
]]></content:encoded>
		
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