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What happened on... November 8

10, 25 and 50 years ago

10 years ago - The Times

Saturday, November 8, 2008

EU 100-day financial reform plan

EU leaders yesterday agreed on a set of measures to reform financial markets as the international crisis rattles the globe.

The reforms should be implemented in 100 days following which another summit will be held to assess the results, French President Nicolas Sarkozy, who is currently at the helm of the EU, said. The reforms include more supervision on hedge funds, a reformed monitoring role for the International Monetary Fund and the registration of international credit rating agencies.

The EU leaders also agreed to establish codes of conduct to avoid excessive risk taking in the financial sector, including the area of systems of remuneration and to give the IMF the initial responsibility of recommending the measures needed to restore confidence and stability.

In yet another informal EU summit, called by Mr Sarkozy in Brussels in the space of three weeks, the 27 EU member states agreed on a set of global financial and economic reforms to be presented at next week’s Washington global summit on tackling the financial crises.

“Malta agreed on these principles, particularly on more regulation, in order to avoid another financial crisis in the future,” Prime Minister Lawrence Gonzi said following an extended four-hour-long working lunch.

25 years ago - The Times

Monday, November 8, 1993

3,000 families to take part in budgetary survey

Some 3,000 families from all over Malta and Gozo will be taking part in the household budgetary survey to be held between January and December next year, more than twice the number five years ago.

Interviewers will initially be interviewing 6,000 families but the number will be reduced by half for the actual survey, according to income category and size of family, among other factors.

The 3,000 selected participating households will be divided into groups of 250 who will be interviewed one after the other once weekly for three weeks on their purchases and the prices they pay.

Millions to be voted for local councils – PM

The first budget for local councils runs into millions of liri, Prime Minister Eddie Fenech Adami said yesterday. He was addressing a dialogue meeting with Nationalist Party candidates for the Nadur, Fontana and Għasri local councils which will be held on November 20.

Dr Fenech Adami said the budget for councils was based on what the work of the councils for the first year would usually cost the government.

Half a century ago Times of Malta

Friday, November 8, 1968

Strong French participation in Nato exercise

The headquarters, at Floriana, of the Allied Naval Forces, Southern Europe, whose Commander, Admiral Luciano Sotgiu, is in overall command of Exercise ‘Eden Apple’, yesterday confirmed that there was substantial French participation in the three-week Nato sea and air exercise now in progress in the Mediterranean.

This supports earlier reports to this effect by the Times of Malta’s Naval Correspondent.

USSR Day

His Excellency the Governor General has sent a message of congratulations on behalf of the Government and people of Malta to the chairman of the Supreme Soviet of the USSR on the National Day of the Soviet Union.

Pedestrian injured

Yesterday morning while Alfred Debattista of Ħamrun was driving his car along Qormi Road, Marsa, it skidded, mounted the pavement and hit Henry Dimech and Sylvia Pace both of Marsa.

They were conveyed to St Luke’s Hospital. It was certified that Dimech was suffering from injuries of a slight nature, while Pace was suffering from injuries of a grievous nature but was not in danger of losing her life.

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