The 2013 General elections was characterised to a certain extent by the fact that the Maltese electorate was deeply led down by the Political parties over the previous 20 years. Dr Joseph Muscat was a breath of fresh air to the general public and business alike. Following the elections Dr. Muscat continued in his increased momentum of feel good factor. Did business and the economy feel better?
One must certainly praise certain things like the bringing over of certain investment such as the American University of Malta, the privatisation of St Lukes , the Johnson and Johnson in Smart City and the investment in Gozo. All this investment together with the prospects for others is certainly a sense of fresh air. It will boost the economy for a period but it will not have a long term sustainable effect if Malta does not take care of the existent sectors and creates new ones.
Another sense of fresh air was removing certain persons from positions in entities like Malta Enterprise that had turned this enterprise as a private enterprise to accommodate certain private firms but not others. Certain persons allegedly used to encourage foreign clients to move from one firm of consultants to others. This apparently changed with this team. We will see how long this will be managed. Hopefully for a long time.
This Government however has failed in one of its fundamental promises. It had promised that it will work hand in hand with whoever wants to work with it for the benefit of the country. The Labour Party continues to say that it is a pro-business party. Yet there are various things that indicate that this is far from being the case. There are various businesses from large to small that have been suffering under this administration. It may be noted that there are strategic moves in order to close certain businesses or to make their life difficult only because they have either had a good time under the Nationalist Party administration or else because they were formed under such Government. It is indeed a pity that the fresh air that Joseph Muscat had promised and had started to give is indeed being polluted in this manner. One may argue that this is a coincidence . However, this government has also promised that it will reduce bureaucracy and red tape. So if it is not one promise breached then its another.
Neither the Government nor the Opposition seem to have a vision for the economy. The attack on private sector by politicians in the last week is indeed scandalous and damage’s Malta as a whole. The message being portrayed is that Malta is a dangerous place to invest in. The Shame on You “ has become a very popular phrase between them but the reality is that they should be all ashamed of themselves as both parties are clearly damaging the economy ‘s future at large. It also seems that all politicians forgot that such positions were tacitly defended by both parties when it suited Malta. In attacking these types of structures the entire Malta is not credible and the statements used by our Politicians will jeopardise our industry when we come to negotiate in certain international fora
Parliament was reduced to this because it is clear that both PL and PN have no economic vision let alone an economic plan. The only fresh analysis in Parliament seems to paradoxically come from possibly one of the oldest persons in Parliament that is Prof Scicluna. It is indeed a pleasure for businesses hearing his analysis. It is indeed a disappointment that parliament at large seems to have been turned by both parties into a talk show which is even less entertaining than the populist Xarabank.