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Maltese pessimistic about their futures

Some 86 per cent believe the cost of living is high.

Some 86 per cent believe the cost of living is high.

The majority of Maltese are pessimistic about the coming year, though most are satisfied with life overall, according to a recent Eurobarometer survey.

While 62 per cent of Maltese respondents believe the current economic situation was bad, 43 per cent expect it to be worse in 12 months, with another 35 per cent stating it would remain the same.

Jobs provoked a similar reaction: while the majority (58 per cent) are satisfied with their work, their perception of the general employment situation is different.

Almost half (46 per cent) consider the jobs market to be bad and 26 per cent believe it will get worse.

Only 10 per cent forecast an improvement in the employment situation, and 49 per cent expect no change.

Conducted by Misco in June among a sample of 500 respondents, the survey’s results also indicate the perennial problems people complain about, particularly the rising cost of living and high electricity tariffs.

Interestingly, people seem to be taking political promises with a pinch of salt, particularly those being made by the Labour Party over cheaper energy.

The survey shows that, while 87 per cent of Maltese respondents said the cost of energy was unaffordable, 61 per cent believe things will get worse in a year’s time.

Only six per cent of respondents believe that they will have cheaper energy in 2013.

No less than 86 per cent said the cost of living situation was high, with 62 per cent predicting worse to come.

On a positive note, the majority of respondents were satisfied with the health system, describing it as much better than compared with five years ago.

Eighty two per cent described Malta’s health care provision as good – a much better result than the 62 per cent average obtained in the rest of the EU.

The majority of Maltese respondents – 63 per cent – said their household finances were good.

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C. Bartoli

Oct 2nd 2012, 15:59

it is history repeating itself and this is not a replica of 1981 but a replica of 1996-1998. Alfred Sant promised that if he gets in power he will remove the VAT and told his supporters to throw away the cash register and so he did, however he had to introduce a tax that he or his ministers did not even know how it works. 2012 and Joseph Muscat is promising to lower the utility bills and unless Joseph Muscat comes out loud and clear of how much the decrease will be and when in force, the people will not pay their bills until the two questions are answered!

The longer Joseph Muscat lingers on this question, the more catastrophic the economic situation becomes with the consequence of EneMalta’s bankruptcy!

Joseph Cauchi Senior

Oct 2nd 2012, 17:06

@ Saviour Cachia,

So it seems that since Joseph Muscat cannot tell us HOW MUCH and WHEN in force; then perhaps you can kindly give us the courtesy by telling us yourself, if you know of course!

As otherwise, there is no other solution than the BANKRUPTCY of EneMalta is guaranteed under Joseph!

JC.

C. Bartoli

Oct 2nd 2012, 16:22

@Victor Vella, Gonzi was against divorce but passed the law without any hesitations. Joseph Muscat still believes that the maltese people voted against malta joining the EU, If it was for Joseph Muscat we should follow the cypriot economy.

Joseph John Camilleri

Oct 2nd 2012, 17:29

Dr Gonzi had every right to personally vote against divorce like every other citizen. This was a non binding referendum. The insecurity is that we are abandoning God for materialism and anything that we can grab on and egoism, living beyond our means and personal financial mismanagment. Does super 5 ring a bell?

pat muscat

Oct 2nd 2012, 19:55

@ Victor Vella.
You forgot to mention that GonziPN thinks that gay rights are a taboo!
When the Times of Malta reporter asked questions about gay rights during the 'Independenza' talks, the people cheering Dr Gonzi booed: Dr Gonzi did not even have the decency to scold them or to shut them up as if it is the natural thing to do to boo when gay rights are talked about! This is an 2012 taboo we are talking about!

joseph saliba

Oct 2nd 2012, 16:40

Who does not? I mean throughout the globe.

Peter Murray

Oct 2nd 2012, 19:13

At last Victor a voice of reason and commonsense but you forgot to mention a more accountable and representative number of respondents than 500.Dont you-like me- feel isolated sir?

Mr Tony Gatt

Oct 2nd 2012, 13:56

Carrying your argument further, who needs M.P.'s? Malta is run from Brussels anyway.

fred sammut

Oct 2nd 2012, 12:47

Most intelligent comment for decades......... WELL DONE !!!

Ghalkemm back to sqaure one politics........... Mintoff kellu glieda harxa ma minn kellu l kontroll u l biza ta Alla

gholkemm ukoll smajt hafna kontrieh meta kont zghir.... illum nghid li kien musmar kbir ghal knisja!!

Carmel Serracino-inglott

Oct 2nd 2012, 13:51

Do not be foolish. It is practically all the same in the western world. People ( we) are divided into 2 First those who are led by their noses and Second those who think. As years go by the second group is becoming larger and larger. The Church has nowadays nothing to do with brainwashing on the contrary our church is really modern. Politics on the other hand is a bit dirty especially when elections are on the horizon.

Joseph John Camilleri

Oct 2nd 2012, 17:33

Mr Sammut il-bizgha t'Alla ma jfissirx li tibza', jew titwerwer minn Alla, imma li tghix hajja tajba u taghmel dak li jrid Alla minnek bhala nisrani.

C. Bartoli

Oct 2nd 2012, 12:54

@ Saviour Cachia don't forget that the new MLP is made of the same member of the parliament that were in power between the 1971and 1981. In my opinion history will repeat itself, just like what happened in the 22 months of labour power in 1996. The promise this time is not the removal of VAT but the reduction in the utility bills. If the MLP is in power he better reduce the bills quickly otherwise the maltese will resort to waiting for the reduction and not pay there bills. Enemalta will have no cash and the MLP will have to either increase the taxes or ask for a bailout from EU.

Joseph Cauchi Senior

Oct 2nd 2012, 13:59

@ C. Bartoli,

This is exactly what will happen.

Unless Joseph Muscat comes out loud and clear of HOW MUCH the decrease will be and WHEN IN FORCE, the people will NOT pay their bills until the two questions are answered!

The longer Joseph Muscat lingers on this question, the more catastrophic the economic situation becomes with the consequence of EneMalta’s bankruptcy!

Joseph Muscat is playing with Malta’s future!

Should we just let him carry on or should we stand up to him?

JC.

Peter Bonello

Oct 2nd 2012, 12:50

ovvja habib, il Politikanti li jmexxu - id decizjonijiet taghhom taffetwa direttament l ekonomija - int bis serjeta!!

Nicholas Borg

Oct 2nd 2012, 10:25

Are you serious? Just look at Italy, Greece, Spain, Ireland and Cyprus. One bad decision in the management of our finances and believe me, we will easily find ourselves be in a very BAD situation.

ANTHONY PAVIA

Oct 2nd 2012, 10:51

Mr Borg, do you remember the names of the countries we were asked to look up to in 2004?

Gordon Farrugia

Oct 2nd 2012, 11:11

'One bad decision in the management of our finances and believe me, we will easily find ourselves be in a very BAD situation.'

Someone has his head dug deep right there in the sand me says. Wrong decisions have been taken for a long, long time. There are EUR 6,000,000,000 of wrong decisions brought around by the current administation and it is useless trying to point fingers elsewhere.

A Trapani

Oct 2nd 2012, 11:12

@ Pavia, we do remember that we were asked to look up to Ireland by Gonzi when Ireland was one of the best examples benefitting from EU funds and when Ireland was booming in economy and converting many of its old disasters roads into newly built networks with the help of EU funds. What happened after, due to mismanagement, we all know too.

Then again, we also do remember that Joseph Muscat suggested we follow Cyprus' politics in order to advance and be successful. What happened to Cyprus, we all know too.

Mr Tony Gatt

Oct 2nd 2012, 11:58

Wait till the euro goes belly-up!

Mr Tony Gatt

Oct 2nd 2012, 12:02

@ A Trapani

What happened in Ireland is what is going to happen in Malta- massive overbuilding caused the banks to overlend, then they had to take on worthless properties when builders went bankrupt, then the Irish government foolishly undertook to service all the debts.
Then Ireland had to go for a bailout to the E.U. You can buy a nice flat in Ireland for €50,000.

Tony Camilleri

Oct 2nd 2012, 10:06

Easy, emigrate like the Labour supporters were forced to do under the PN in the 1960s.

P Bonnici

Oct 2nd 2012, 11:16

Tony Camilleri, forced to emigrate? Really?

Were the Italians, Greeks and Portuguese also forced to emigrate to Australia, USA and Canada? I wonder why?

Peter Bonello

Oct 2nd 2012, 12:54

i already have a wage freeze and bieng paid in time-off in lieu under Gonzi PN so nothing new!! Open up your mind, stop saying exactly what gonzi is telling you!!

C Borg

Oct 2nd 2012, 10:15

Can you please explain how 62% of respondents of this survey foresee 5 years of famine due to austerity PL yet they are still going to vote for PL to govern?

Mark. Galea

Oct 2nd 2012, 10:28

dear C Borg

have you never read Aesop? His stories are full of wisdom. In this case, read the story - the frogs who desired a king. You will then understand why PL will be voted in power.

C Cassar

Oct 2nd 2012, 10:38

many of them would be better off with 5 years of famine as Malta is still the most obese nation in Europe.

Peter Murray

Oct 2nd 2012, 11:10

Dear Mr Borg,,

This 62% figure merely reflects a grand total of 320 people out of the entire Maltese population .May I suggest you take these conclusions with a bucket of salt!

Anthony Scicluna

Oct 2nd 2012, 14:36

@ P Murray
And that, assuming those 500 represent a cross section of the population. I'm building a salt pan, want to help?

Peter Bonello

Oct 2nd 2012, 13:43

are you for real?

Tony Camilleri

Oct 2nd 2012, 10:08

They are smelling the disaster which the EU is going to get into which is going to be much worse than presently.

C. Bartoli

Oct 2nd 2012, 12:13

@Tony Camilleri...under the MLP, just like Spain, Italy Cyprus... Joseph Muscat said a couple of years ago that we should adapt the same economy as Cyprus. God forbid that he will be in power. We will be asking for a bailout in less than 2 years time. A lot of promises before the election and than taxes galore, just like what happened to the french!

Mark. Galea

Oct 2nd 2012, 09:51

Peter, you seem not to grasp the methods and mathematics used in surveys. When well conducted, it shows a true picture of what actually is. If you do not believe it, then it is your problem.

Let me give you an example - after any election, a sample is taken from each box and checked. The result is nearly always correct to a +/- 2%. Should we stop doing that since you have deemed that a sample does not represent the whole population?

Peter Murray

Oct 2nd 2012, 11:07

Dear Mr Galea,

Thanks for educating me whilst pointing out my lack of not grasping the methods and mathematics(in which I have a Masters degree-but that is digressing) used in surveys.How is conducting a survey with only 500 respondents classify as a "well conducted "one and moreover,how does it represent a "true picture of what actually is"?This is your incredulous belief apparently andf therefore your problem is disingenuity and gullibility.And the answer to your last question is ..yes- as it is also not proportional representation.So just to be clear are you telling me and everyone else that a survey's findings of 500 out of 350,000(what percentage does this reflect) is a true picture of what actually is and that this is well conducted (how would you-the survey oracle- know this in any event and who were these respondents and who or what sections did they represent in society?)Also ,I say again, percentages do not reflect an accurate figure of views or opinions and that is why actual numbers are not supplied as they are less impactive or sensational.

S. Calleja

Oct 2nd 2012, 13:17

Dear Peter, I can tell that your Masters is definitely not in statistics and probabilistic theory.

Mark. Galea

Oct 2nd 2012, 13:34

@Peter Murray

nice degrees (admit I do not have masters in mathematics). However, since I read your blogs a number of times and know your reasoning, I tend to think that statistics produced by by you tends to have a large MLP bias. By the way, got any stats on the future of the sterling vs euro rate?

Joseph Camilleri

Oct 2nd 2012, 13:45

@Peter Murray: 500 respondents on a population figure of 350,000 has a margin of error of between 4 and 5%. You are right.. there is no guarantee that the survey was done well.. but neither is there anything to suggest that it hasn't been carried properly either. If anything, given that it has been carried out by MISCO which is a reputable and experienced company, one has to assume that it has been done properly and is therefore scientifically correct. If this is the case, then it is representative and 62% of 500 will also translate to 62% of 350,000.

Anthony Scicluna

Oct 2nd 2012, 14:41

Mark, Peter has a point. On what basis do you claim that the sample is well constructed and conducted?

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