The Malta Independent 18 August 2026, Tuesday
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Malta stably in the German camp

Thursday, 16 July 2015, 11:07 Last update: about 12 years ago

Although the details of what was said at the dramatic (and traumatic) European Council over the weekend will not be known for a long time, enough is known to support the assertion that in recent times Malta has gradually come to position itself as stably in the German camp.

This is a rather risky statement to make, considering the polemical aftermath of the Council when most of Europe, siding with underdog Greece, is decidedly against the German overbearing presence in Europe.

But if one analyses the constant statements by the Maltese government on the Greek issue, one will see that Malta has been echoing the German stand all through.

Specialized analysis of the positions around the Council table in the foreign press showed Malta as holding to a rather centrist view - that Grexit was to be avoided but that Malta wanted its money back.

Less specialized analysis varied, some putting Malta among the hardliners and some among the defenders of Greece against austerity.

The discussion austerity vs growth has split the Eurozone members down the middle but when push came to shove at this weekend's Council, Malta sided with those, Germany especially, which were arguing that fiscal discipline is the medicine that sick member states require, rather than another dollop of loans that will never be repaid.

Apart from Germany, Malta's position was shared by other member states, from Slovakia (maybe the hardest country with this stance) to Finland, Holland and others.

Significantly, Malta's position was not reflected in many of the EU's southern members. This makes one rather proud to see the country adopt such a stance and be comfortable about the fact it is in a minority in this area around us.

But then Malta had previously been on a virtuous path and did not emulate her Mediterranean companions who today rue their previous laxity.

This year, as we celebrated the 50th anniversary since the granting of Independence, we all as a community realized we have done well for ourselves considering that in 1964 the Dockyard and the Government were the two main employers and that we have had to face a continuous rundown of the British services in Malta, a complete changeover of the economy to one at first based on industry and tourism and today also on financial services and the like.

To this we have now added a commitment to the EU and its guiding inspiration which is even stronger than that held by the British, our former lords.

What we have called the Germanic approach which we say inspired Malta at the Council is also surprising given the administration's allegiance to the Socialist Party.

But it is an inspiring choice and also one that Malta is following in its management of its own small economy. The plaudits by Standard and Poor's that we carry in this issue are not empty words but sincere appreciation of the direction the country is following.

There are, of course, still many issues to be tackled and S&P identifies them fully but the direction is clear and it is the right one.

If only the Greeks learn from us and our achievements and stop marching about and risking the collapse of their economy! What we have, perhaps mistakenly, called and characterized as the Germanic approach is the right approach - for us and maybe for other countries if Europe is ever going to find cohesion and growth to satisfy its peoples rather than make them suffer under the burdens of unemployment, lack of investment and of growth.


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