Malta, like other countries is facing challenging financial times. This article, from the Times of Malta provides perspective from writer Lawrence Zammit.
"What is the lesson for Malta? Clearly the need for prudence applies also to our country. We are so small that bottlenecks can easily arise in our economy, causing an unnecessary increase in prices. Our smallness and our openness also make us exceedingly vulnerable to what happens beyond our shores.
The old adage “Waste not, want not”, needs to be applied across the board. Our country does not generate economic growth by the level of consumption and government expenditure but through the level of investment in job creation. We should always see prudence as a virtue."
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