The Malta Independent 7 December 2016, Wednesday

Daphne Caruana Galizia named by ‘Politico’ as among 28 people ‘shaping Europe’

The Malta Independent columnist Daphne Caruana Galizia has been named among the 28 people who are “shaping, shaking and stirring” Europe by the influential “Politico”...

Editor's blog: Joseph Muscat and trust

While there is so much public anger about the long list of scandals in which the government is embroiled, this rage is not translated into public outcry and disdain against the people involved and...

PN challenges Minister Bartolo to publish all correspondence

The Nationalist Party today challenged Education Minister Evarist Bartolo to publish all correspondence in the case regarding a former canvasser who was allegedly involved in corruption and bribes in...

Government to discuss ‘compensation’ with Skanska

The Maltese government will be meeting with Skanska, the company which was entrusted with building and providing a seismic design of Mater Dei Hospital which ended in a controversial political storm...

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A photo worth a thousand words: They’re leaving, she’s staying

They say that a picture is worth a thousand words. Well, this one certainly does. It was taken last year at the G7 summit held in Bavaria. As one can see, German Chancellor Angela...

Editorial: Bad news for Italian banks

The result of Sunday’s referendum in Italy is so crucial it just leaves no time to analyse the result, not even to speculate on what will happen – election?  The banking system in...

latest comment from patrick elliot, 07/12/2016 13:27: Why doesn't this paper, along with the rest of the media, just for once admit that the problems these institutions are facing were totally self inflicted, and admit that these institutions have gambled, risked and literally thrown away hundreds of billions of other people's money again and again on speculative and highly leveraged bets. Fraud (DB) and the penalties they've incurred after being caught on multiple occasions (interest rate, euribor, precious metals) has become just a cost of doing business and the 'new normal' . No one ever goes to jail. When you invest in a business and reap the reward during the good times, why should the public purse be used to prop up that 'enterprise' when it shoots itself in the foot? Creative destruction is the way to go. They should never have been bailed out in the first place unless by private (greater fool) capital. Your reporting (as opposed to journalism) is superficial and shallow. How can you be so surprised that 'populism' (I wonder who came up with that one) is rearing its head. If the author of this piece isn't sure which way things will go, I will tell you: It will go either of two ways: The Greece/ Cyprus template where the banks freeze your accounts, take everything over 100k, limit withdrawals on the balance, possibly convert savings to (now worthless) shares, maybe even a cash ban like India (nothing like herding the cattle into the pen before a slaughter). Or, A new wave of 'improved' QE on a global scale (and it will have to be big and global) that hopefully, will reduce all outstanding debt and the value of savings along with it. Just a note of parting optimism..the two best performing stock markets this year are.......(drumroll) Venezuela and Zimbabwe.....think about it.
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President Marie-Louise Coleiro Preca meets United Nations High Commissioner

The President of Malta Marie-Louise Coleiro Preca met United Nations High Commissioner for Refugees Filippo Grandi in Geneva. During the meeting, President Coleiro Preca and High...

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