New loan guarantee scheme for SMEs

Charles Micallef

Jul 24th 2012, 08:53

Excellent idea, but the question must be, where does the money comes from if the business folds, do we add it to the national debt?

j brincat

Jul 24th 2012, 08:42

8 months late!

But now it's due time as the election is round the corner!

Elections work wonders with the PN governments!

By the way you in case the borrowers fail in their undertakings with their banks from where would the government pay up to make good for its guarantee? From taxpayers' money???


(jb)

Mario Camilleri

Jul 24th 2012, 00:12

If the businesses were healthy enough to withstand on their own, they wouldn't need any incentives, they would do everything by themselves. You give help and aid to the weak and helpless not to the healthy.

"Is this not another promise kept by the PN Government?" Don't you think it's 4 1/2years to late now that we're in the election mode?

A Spiteri

Jul 23rd 2012, 21:01

if government wants to help SMEs, they should reduce corporate tax, income tax and massively reduce bureaucracy. those are the issues that are keeping SMEs from growing. They can take loans without any government intervention!

George Cutajar

Jul 23rd 2012, 18:34

Another success for the PN Government. While small business all over Europe are closing down and encountering problems of finance etc. our business in Malta is given incentives to grow and invest.

Is this not another promise kept by the PN Government? These are the promises and polices the Maltese want to see put in place and not pies in the sky that are being thrown about haphazardly just to attract votes.