“He is a risk,” Prime Minister Lawrence Gonzi reportedly said about Joseph Muscat, the Labour leader (February 13).
In my opinion, the real risk lies with Gonzi himself. He and his party colleagues have squandered the gold reserves of the Central Bank of Malta. When the Nationalist Party took office in 1987, there were over 342.5 million in gold reserves at the Bank. Now there barely remain 18.6 million. If these figures are not quite exact I stand to be corrected.
Gonzi and his party also sold many of the country’s assets for a mere pittance. Mid-Med Bank was sold to HSBC for a mere 202.7 million and the news of this sale came out unexpectedly, like a bolt from the blue.
The country is now thriving on debt, which is still soaring, and Gonzi dubs this untenable situation as a secure future.
How is it that so many people still support such an illusion of well-being when the country is fast moving towards a disaster?