No more missed opportunities for Malta

We are Europeans but the world is our home. Malta's right response to the influx of immigrants is to act today to end world hunger.

Now, the international financial meltdown is creating the unique opportunity for Malta to establish a global diplomatic initiative for financial solutions to ameliorate world hunger.

For instance, issuing a €1 trillion device for deposit in the Common Fund for Commodities to underwrite zero hunger can become a responsible global pivot on which the globe's shift to true development can be balanced. Here in Malta man can develop, quasi experimentally, a modified brand of financial engineering to lead the way out of the global depression by a family of derivative euro devices instruments of widespread solidarity alongside markets.

Based on our Catholic social teaching, we can work to bring about the appropriate financial instruments that billions of our hungry relatives cry out for. With a far-sighted track record in climate change and the seabed, Malta has every reason to step up to the plate diplomatically, think the laterally unthinkable and say what the larger EU members are too intimidated to articulate yet all know needs doing.

The time is right, with the IMF considering major recapitalisation and the global financial system undergoing complete re-engineering with unprecedented national interventions into financial sectors.

An EU-funded programme of radical international financial research and development for the creation of appropriate new financial instruments for ameliorating world hunger and poverty, sited in Malta, attracting the best minds, acting as an EU financial observatory and with real time pilot project status, is the answer and can be readily established.

Malta is looking for its role in the EU and beyond. This is it. Don't let Malta make the same mistake the international community did, with the lost opportunity of the "Great Moderation" decade, for serious global change - by doing nothing. That's the easy route.

Malta, do you want to count? Well, get on with this and get the cross-party support such work inspires. No more missed opportunities Malta!

All of us will be judged at our death by Christ on whether we took it seriously and tried to do something.