The Times reported the following ‘Prime Minister Lawrence Gonzi argued this morning that the MLP’s election promises showed it did not have confidence in the Maltese’.
http://www.timesofmalta.com/election2008/view/20080217/news/gonzi-sees-lack-of-confidence-by-labour
This is quite thick coming from a Government that has done everything in its power to sell most of Malta’s economic backbone to ‘foreigners’ such that much of this economic infrastructure is run by foreigners. It all started with banking and continued with the airport, port facilities, telecommunications and post office. The PN government has often expressed its intention sell the remaining major bank to a foreign financial institution. Foreigners were even drafted to run lotteries which the Maltese had been running for close to 80 years.
Who showed lack of confidence in the Maltese and Maltese capital? What does the prime Minister say of the fact that the CEO’s of the largest Maltese companies are all foreigners?
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8 comments:
lest we forget that a week before he dissolved parliament, Lawrence Gonzi signed over more powers to European Institutions... apart from all the other powers handed over to Brussels...
Alfred Sant & Co. agreed without even a comment.
Yes I know - but that doesn't make it right does it?
I'm not dogmatic about the Labour Party - if it does something wrong I'd be the first to criticise it.
I am not passing any judgement on whether this treaty is right or wrong.
I am saying that it should have been discussed openly in order for the people to understand what it is all about. What I object to is that such important things are done behind people's backs.
Well, Privatisation and nationalization seems to change every 2 decades.
Anyway in the worst case scenario, the government can always buy back the shares held by foreign companies.
Plus the stock is in the stock exchange so Maltese people can buy the shares.
I am not arguing against privatisation. I am disappointed that Govt would sell only to 'foreigners' excluding Maltese capital. This is contrary to most other European companies. Just ask the French whether they would let any of their major companies to fall under 'foreign' hands.
Secondly certain assets should have remained in state hands and in particular the airport which is the mainstay of Malta's tourism industry.
The renationalisation of any assets is no longer an option. The fact that comanies are listed
Nationalisation is no longer an option. There is no going back and nor should we go back.
Even though companies are listed on the Malta Stock Exchange, all companies are solidly controlled by a majority shareholder and no Maltese can ever buy enough shares to takeover these companies.
Personally I'd rather have the government offer individual Maltese citizens the chance to invest in such firms. It would encourage an entrepreneurial spirit and encourage more risk.
But you're quite right; some firms should have been retained by the Public Sector.
The Airport and Maltapost being one of them.
I hope you'll keep on blogging after elections :)
Thanks Andre. I will try. It is a good exchange of ideas. You keep writing as well.
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