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Showing posts from December, 2013

"Erm... What I meant... erm... Malta being short of certain people of calibre"

When it comes to promoting our lovely Island and being proud of its people, definitely Labour doesn't have the quintessential manner. Watch Prof. Edward Scicluna At first, the Minister of Finance, Hon. Edward Scicluna, tried so hard to make it a point that the  Individual Investor Programme (IIP)  had nothing to do with the government deficit or due to a weary financial status. However, a few seconds later he made a counterargument that rebutted what he had just stated: "yes the deficit does count in the sense that the government's hands are tied with fiscal governance and keeping the deficit below 3% and therefore we wanted another medium to handle investment... long-term investment..."  Hon. Scicluna stated that the investment programme must be developed and this will incorporate more bonding by 'the investors' with Malta. The person will come here and will reside in Malta and ideally will have some property in Malta ...