Greece is indeed the word

I noted that our Finance Minister recently attended the eurozone emergency meeting of his EU cohorts to discuss the amount of another bailout fund for Greece, which was widely reported as being approximately €12 billion. I have a few questions for...

I noted that our Finance Minister recently attended the eurozone emergency meeting of his EU cohorts to discuss the amount of another bailout fund for Greece, which was widely reported as being approximately €12 billion. I have a few questions for Tonio Fenech:

What is Malta’s precise amount of contribution towards yet another loan?

How much have we already given to Greece and how much have we received in repayments thus far?

When may we reliably expect the two loans to be repaid in full and may we also expect interest payments to be satisfied against these loans and what is the total amount expected in returns?

It would appear that we have made a bad investment (as that is how the finance minister referred to the original loan, i.e. an investment) so the BOV may find some solace in the fact that they are not alone in the mismanagement of funds along the lines of the OPM principle (no not the Office of the Prime Minister but rather Other People’s Money) and that we are now chasing good money after bad.

Can we be remotely assured that we will ever see the loan repaid in full let alone be the recipient of interest paid against this so-called “investment”? Answers please.

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