I do not usually follow NET TV’s Flusek programme. However I happened to see one in which the presumably regular guest mentioned that the EU’s EURO area had to evaluate the changed circumstances emanating from the increase in the interest in Norway. What this NET TV Flusek programme commentator did not mention was that another country which maintains close ties to the EU like Norway, Israel has also increased its interest rates. What could also have been said of more relevance to the local context was the fact that Australia too has increased its interest rates. Australia has a presence in our financial sector and the fact that it is one of the few countries like Norway which has not been so hard hit by the international recession should count as something.

At a time when so many financial institutions are crying for deposits to onlend, it should raise some questions why local savers are still being paid paltry interest rates – and this in a country which has boasted that it has not been hit hard from the international recession. Or are these two different kettles and I’m mixing things up? The common citizens and small depositor surely deserves better information than the commercially slanted propaganda he is so often dished out.

C. Debono

Ghajnsielem