The Malta Independent 12 August 2026, Wednesday
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Greens call for economy 'built for people, not speculation'

Thursday, 7 May 2026, 15:39 Last update: about 4 months ago

ADPD-The Green Party has called for a new economic and social model centred on people's wellbeing, fair wages, and environmental sustainability, warning that Malta's current economy is overly dependent on fragile industries and low-paid work.

Speaking at a press conference, Chairperson Sandra Gauci and PRO Brian Decelis said the country needed to move away from an economy driven by speculation, construction, finance, and iGaming. Decelis argued that although Malta's GDP is above the EU average, wages remain among the lowest, showing that economic growth is not benefiting workers equally.

He warned that sectors such as iGaming are vulnerable, particularly as automation and Artificial Intelligence reduce employment opportunities. ADPD said Malta should instead diversify into manufacturing, agriculture, crafts, cultural industries, digital services, and green technology, with greater investment in research and eco-innovation.

Gauci said politics should aim to reduce inequality between the "haves and have-nots", criticising what she described as a system based on occasional benefits rather than long-term social justice. She reiterated the party's call for a living wage and proposed the introduction of a Universal Basic Income to guarantee a decent standard of living.

The party also highlighted the housing crisis facing young people, linking soaring property prices to the citizenship-by-investment scheme and property-linked visas. Gauci said many young people were struggling to start families because of the high cost of housing.

Among ADPD's proposals are incentives for home cooperatives aimed at creating affordable housing and stronger communities.

The party said Malta had reached a crossroads between pursuing sustainable economic and social policies or continuing with a model dependent on tax incentives, low wages, and industries with limited long-term stability.


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