The Malta Independent 5 July 2025, Saturday
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State must pay €200,000 in compensation to landlords of Labour Party’s former Pieta club

The State has been ordered to pay just over €200,000 in compensation to the owners of a building in Pieta which used to be a Labour Party club. A Civil Court presided over by Judge Audrey...

latest comment from onDmove, 05/07/2025 06:46: The PN must put its thinking hat on and legislate a solution to this problem when the time comes. It's grossly unfair that the beneficiary of this blatant abuse of power (nealy always the Labour Party) goes out scott free whilst the public is made to fork out millions out of its taxes.
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‘Stop squandering public funds’: PN slams record government debt under Robert Abela

The Nationalist Party on Friday raised alarm over Malta’s growing financial imbalance and record levels of government debt during a press conference held by PN Members of Parliament Graham...

latest comment from Joseph Bartolo, 05/07/2025 07:06: As an economist, I try to explain it better. The debt-to-GDP percentage is a ratio that is simply an indicator of the current economic situation and fluctuates depending on the GDP. The national debt is, however, an absolute value. The cost of paying interest on the national debt and refinancing the debt is not dependent on the GDP but on the base interest rate set by the ECB. The latter is rising; therefore, the cost of the national debt and its refinancing is increasing. At the same time, the GDP of Malta is declining. So here is how it works: 70% of GDP during Gonzi, with a 4.3 billion national debt at a 3.5% interest rate by the ECB, meant a €150 million annual debt financing cost. 58% of GDP today, with a national debt of 10 + billion at an interest rate of 5.5%, and rising (!), means a Euro 630 million annual debt financing cost. If you also consider that since 2012 the interest rate for Malta has already been falling and the GDP is rising, today the interest rate is rising steeply. The GDP is declining; you may understand why the situation today is much worse than it was between 2008 and 2013. But the Super One school needs to teach you that.
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New laws in favour of persons with disabilities welcomed locally and in Europe, government says

Two draft laws in favour of persons with disabilities that were launched for public consultation in recent days have been well received both locally and by the European Disability Movement, the...

latest comment from Summer Shade, 04/07/2025 15:12: Rights for people with disability when they can't even enjoy a basic right like going out because the pavements are totally not good for wheelchair use?!
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