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‘Once debts are honoured we are ready to be flexible’
“Once Greece is committed to honour its debt obligations, Malta is in favour of flexibility that would allow Greece some fiscal and economic latitude in order to continue addressing the economic and social consequences of the crisis. But the Greek authorities should work within the context of the current programme in order to ensure a…
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Lil hemm mill-Kliem Sabieħ għal Malta
Ftit jiem ilu l-Kummissjoni Ewropea ppublikat it-tbassir ekonomiku u finanzarju tagħha tax-Xitwa (Winter Forecast 2015) għall-membri kollha tal-Unjoni Ewropea, inkluż pajjiżna. Dan mhux l-unika tbassir ekonomiku li jsir. Aħna stess bħala pajjiż regolarment nagħmlu tbassir fuq l-ekonomija tagħna, u l-andament mistenni minna għax-xhur li jkunu ġejjin. Tbassir simili jsir ukoll mill-Bank Ċentrali ta’ pajjiżna, kif…
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Malta seeks assurances that Greek debt will honoured ahead of concessions
Speaking during a meeting for euro area Ministers for Finance held on 11 February 2015, the Minister for Finance Prof. Edward Scicluna said that Malta is requesting assurances that the Greek debt will be repaid in full, before any concessions are discussed. During the euro area meeting, the Ministers for Finance had the first opportunity…
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Press statement by the Ministry for Finance
“The Minister for Finance notes the information released publicly worldwide by the International Consortium of Investigative Journalists (ICIJ) in collaboration with various news outlets, and which pertains to HSBC Swiss accounts as associated to account holders from various countries, including Malta. The Minister for Finance has immediately initiated a process by means of which he has…
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L-importanza tal-Kredibilita’
Waħda mill-kwalitajiet l-iktar importanti li Gvern irrid iħaddan biex ikun jista’ jikseb l-istabilita’ fil-pajjiż, u b’hekk iżżied il-potenzjal tal-ekonomija, hija l-kredibilita’. Dan il-Gvern għaraf l-importanza ta’ dan il-valur, u għalhekk sa mill-bidu tal-amministrazzjoni tiegħu beda jaħdem bis-sħiħ biex jirbaħ il-kredibilita’ tan-nies li l-Gvern ta’ qabel kien tilef kompletament. U hu għalhekk li fi “track record”…
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Courtesy call from IMF Executive Director Carlo Cottarelli
The Minister for Finance Prof. Edward Scicluna received a courtesy visit from International Monetary Fund (IMF) Executive Director Carlo Cottarelli on Friday 6th February 2015. During the visit, Minister Scicluna and Mr Cottarelli discussed the improvements to the Maltese economy brought about by this Government, including the restructuring of various state-owned corporations. [nggallery id=242]…
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Malta ranked as the country with the second highest rate of projected economic growth
“In its Winter Forecast, the European Commission projects a sustained fall in both the deficit and debt ratios, thus boding well for the upcoming Excessive Deficit Procedure decision,” said the Minister for Finance Prof. Edward Scicluna. The Finance Minister was commenting on the publication of the European Commission Winter Forecast 2015, published on 5th February…
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National Statistics Office Visit
Minister for Finance Prof. Edward Scicluna met with the Board of the Malta Statistics Authority, and toured the offices of the National Statistics Office. [nggallery id=241] – 3oth January, 2015
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Commission Winter Forecast 2015 : Bodes Well for Excessive Deficit Procedure Outcome – Videoblog 80
During his weekly video blog, the Minister for Finance Prof. Edward Scicluna discusses the recently-published European Commission Winter Forecast 2015. He notes that while economic forecasts and appraisals are carried out regularly, the Commission Forecast has added importance because it is against the Commission’s forecasts and analysis that Malta’s performance with regard to the…
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Yes to concessions. But which ones? – Videoblog 79
There is indeed a general agreement amongst the Eurozone governments that they are prepared to sit down and listen to the new Greek government’s demands. At one end one could have on the table new demands for yet further lowering of interest rates or even a further prolongation of the debt maturity period. There…