It has just been announced that €54 billion worth of investments have slipped out of Greece because it failed to keep its financial house in order. To map out some sort of a future they had to go around Europe with a begging bowl. The proud land of Plato and Pericles now even owes Cyprus money.
The late George Bonello du Puis, a former finance minister, used to say that the light morning dew can make Malta flourish but it can also drown it. The slightest movements around us can seal our economic and financial fate, one way or the other. What is insignificant and under the radar for other, much larger, countries fills our cup or empties it.
If a country the size of Greece has been driven to the precipice by its financial incontinence, it will take much, much less folly to join her.
Our island mentality prevents many from joining the dots between what is happening around us and their job, their future and well-being of their families. They prefer to believe in a pie in the sky than to figure how the real pie on their kitchen table got there.
Until, of course, the one in the sky vanishes. And with it, the one on the table.
1 comment:
Lou, the standard of living in Malta has never been this good, even when the economies of our neighbours and trading partners were doing far better than now.
Malta under the PN governments took a giant leap forward. Just compare the peoples' bank accounts today and when the Labour was in government for those 16 years. More people are travelling today than ever before. On our narrow streets there are more cars than than ever before.
In spite of all these advancements in our lifestyle the Labour party is still holding its own in popularity.
What gives? Can't the people see and touch the good quality of their lifestyles?
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