Reputation

At the time that this article will be published the electoral campaign would be coming to an end. What came out of this campaign is a huge reputational damage to Malta amongst other things.  It is not the scope of this article to determine what and who led to this. It will be the electorate to decide next Saturday when casting their vote.

In these weeks, regrettably, I was faced by investors particularly from neighbour countries like Italy which were surely influenced by the articles published in L’Espresso, Italia Oggi and il Sole 24ore. These potential investors have put at halt the negotiations on considering Malta for a few months. They will not only wait to see the result of the election in Malta but they will wait to see how Malta will handle the strong accusations done by certain journalists and how Malta will address the matter with the European Commission, with the European Parliament (many MEPS were highly critical of Malta) and with the individual member states amongst others.

Come Tuesday (Monday celebrations) whoever is in Government will have to seek unity in order to really put the national interest first and to save what we have all worked for in the last three decades. We had arrived at a stage whereby we could have done a quantum leap. However, as analysts have opined, our institutions such MFSA  did not grow in structure and did not refine themselves in a manner to maintain such growth. The strategies were old in nature as the persons in place seem to have become complacent and more interested in their own personal comfort.  In this context, a new Government must ensure a total overhaul in these institutions. No more excuses are tolerable. Malta cannot get it wrong on this front.

It is hoped that political pique and political slogans will be put aside on Tuesday, that the investigations are concluded unequivocally at the earliest and that Government, opposition and the industry work hand in hand to re-establish the momentum for growth.