The very mention of Cola (Cost-of-living adjustment) re­mains a cause of concern, even anxiety, among some of those who monitor the economy ‘ from the outside’ .

This was my experience recent­ly when interviewed by represen­tatitives of a credit agency intent on adding Malta to its portfolio.

I needed some explaining as to how Cola cannot be reckoned as a wage-indexation, but merely as an exercise assisting in keeping low wages in real terms by factoring in a cost-of-living adjustment.

One of them smilingly re­marked that our MEPs should preach it to their colleagues in the European Parliament.

Sign up to our free newsletters

Get the best updates straight to your inbox:
Please select at least one mailing list.

You can unsubscribe at any time by clicking the link in the footer of our emails. We use Mailchimp as our marketing platform. By subscribing, you acknowledge that your information will be transferred to Mailchimp for processing.