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Please Explain   [2011-12-04,  The Malta Independent on Sunday] As soon as Joseph Muscat made an explicit promise that Labour would reduce utility rates if elected, two things became instantly obvious. He was going to be bombarded from all sides to explain how this was going to be financed in the context of a tight fiscal position and that he would not be in a position to provide such explanations. There is no living creature who can forecast with any degree of reliability what would be the cost of energy procurement in 18 months’ time when Labour may gain a mandate to form a government for the next legislature. Nor can anyone have any advance knowledge of what sort of commitments Labour would find for energy procurement, i.e. whether or not it would inherit hedges covering future energy prices and the foreign exchange value of the US dollar. We do not even know what the financial situation of Enemalta Corporation is today, let alone what it would be in spring / summer of 2013. Enemalta has not published its annual report since 2008 and this is a gross act of reckless corporate governance disorder, which is totally unacceptable outside banana republics. These things make me foam at the mouth. In front of me I have a bill issued by the Registry of Companies (MFSA) on a small property company levying a fine of €786 for delay in filing the Accounts of 2009 and 2008. These things make me foam at the mouth. In front of me I have a bill issued by the Reg...     ....read more Alfred Mifsud Blog has been Launched [2011-11-28,  Blog] Blog has been Launched Alfred Mifsud Do you want an Interactive Blog? Then have a look at my Blog…. http://alfred-mifsud.blogspot.com/ ...   Memories of 1996 [2011-11-20,  The Malta Independent on Sunday] I remember as if it were yesterday. Going through the Budget for 2012 brought back memories of the Budget for 1996. The situation is uncannily similar. The legislature was due to expire in mid-1997 and the 2nd Fenech Adami adm... Saving the Euro – Flood it or Leave it [2011-11-11,  The Malta Independent] Not many choices are left to save the euro. It has brought down the Prime Ministers of all troubled countries, in Ireland, Portugal and probably Spain through fresh elections and in Greece and Italy (work-in-progress) through bond market pressure for the formation of a wi...   What a Fudge [2011-11-06,  The Malta Independent on Sunday] The supposedly comprehensive solution negotiated at the EU / EURO summit on 26 October is a hopeless, useless, dangerous and patched-up fudge which offers no solution to the problem of the euro debt sovereign crisis. On the contrary, it puts the whole system more and more... Occupy What [2011-10-23,  The Malta Independent on Sunday] It had to happen! The untold misery brought about by the recession caused by the financial turmoil that started in 2007/2008 and is still rambling on, inevitably motivated the anti-globalisation crowd, often rowdy, violent and detestable, to morph into a much more convinc...   Breaking a Circular Problem [2011-10-09,  The Malta Independent on Sunday] Finally push has come to shove! As the Italians say: “Il nodo è arrivato al pettine”. The financial crisis of 2008 and consequential recession was (is) not a normal recession – it was a balance sheet recession, not a cyclical one. In a cyclica... Start of the Silly Season [2011-09-25,  The Malta Independent on Sunday] Minister Austin Gatt has kicked off the silly season leading to the next election. This being the penultimate PN organised Independence Day festivities before the next election, the opportunity could not be missed to start the election campaign with arrogance, eternal gra...   Whither euro - Whither EU [2011-09-16,  The Malta Independent on Sunday] The euro system is under severe stress. This weekend the EU finance ministers will meet in Poland and they will have a special guest in the person of US Treasury Secretary Tim Geithner. The topic will be whether to continue bailing out Greece or to cut it loose. The cost of bailing...          Other 20 Recent Articles       [2011-09-11]   Caught between Scylla and Charybdis   [2011-08-28]   When Confidence Goes   [2011-08-19]   Limited Menu to Save the Euro   [2011-08-14]   Pavlov`s Dog and the Euro   [2011-07-31]   Belgian Roulette   [2011-07-17]   Failed Project Management   [2011-07-03]   Keeping Things Simple   [2011-06-19]   Should Maltese Tax Money Bail out Greece   [2011-06-05]   The Church and Greece   [2011-05-23]   Regulators Should Accept Crisis Blame   [2011-05-22]   Droplets on DD and DSK   [2011-05-08]   An Insult to our Intelligence   [2011-04-24]   Heaven or Hell   [2011-04-10]   Trichets Legacy   [2011-03-17]   Fools Rush In   [2011-03-13]   Libya - Divorce - Bankers Pay - Air Malta an   [2011-02-27]   When Fear is Gone   [2011-02-13]   Lost Plot   [2011-01-20]   Vehemently Against Divorce Referendum   [2011-01-16]   Breaking Point

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