Albert Cilia-Vincenti, Attard
Robin Hood technique
Am I the only one to be confused by contradictory claims of our economy's resilience and then warnings of industrial sector collapse if the latter's electricity subsidies are removed?
So now we have a clearer idea of how our industrial sector and the government have inverted the Robin Hood economic technique - instead of robbing the Barons to pay the poor, we've been robbing the poor (our salaried middle class and small businesses) to pay the industrial Barons (so that they can afford a bigger yacht)!
I understand that after a long building boom in Spain, the large numbers of new apartments for sale have resulted in a collapse of the market for pre-owned flats because buyers only want new ones. One wonders whether this could soon happen in our resilient economy.
We tend to forget that property prices collapsed by up to 50 per cent when the Labour Administration returned to power a third time, in confused electoral circumstances, in 1981.
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l Galea
Oct 22nd 2008, 13:11
"I understand that after a long building boom in Spain, the large numbers of new apartments for sale have resulted in a collapse of the market for pre-owned flats because buyers only want new ones. One wonders whether this could soon happen in our resilient economy."
Let's hope it does because the majority of properties can be described as concrete matchboxes which are too small to live in and are simply highly overpriced.