A legacy one cannot be proud of

Much ado is being made about the relinquishing of the President's seat by Eddie Fench Adami. For Malta's sake it would have been better had he never gone into politics. Just consider the legacy he left all of us to contend with: Billions of euros of national debt.

Whatever was built or constructed by the government under his leadership is still unpaid for. Whatever was in the national purse was siphoned off in no time. The family heirlooms were sold off for peanuts. The servicing of this debt is gnawing away at our earnings, the financing of which is costing millions of euros.

All we had saved for a rainy day is no longer there. And in these times of economic turmoil we cannot help our industries like other nations are doing because, according to the Governor of the Central Bank, similar manoeuvres in Malta were limited by the relative high budget deficit and debt levels (April 11). Dr Fenech Adami is always bragging about values. The Maltese had one big value: that of being great savers. He threw that to the wind. There was no Bonum pater familias ethos in his handling of our finances and we and our descendants will be suffering for it for scores of years to come. Of course, now we can purchase as much chocolate as we like and our children are at the top in the EU where obesity comes in.