For how long must we suffer journalists writing about economic and financial subjects and not knowing the basics of certain terms they use?
The latest case was an item pronouncing that foreign direct investment stock fell by €3 billion because Deutsche Bank withdrew “money [that] was just parked in Malta” (August 26).
Many are obviously unaware of the distinction between FDI and FCI.
Money which moves across borders between banks should not be included in FDI but in FCI (cash investment) until it clearly moves into an economically-productive format, that is, industry or services.