Thursday, 24 May 2012

Just unfair!!

This feature in the FT Alphaville blog (link below) shows that Malta is carrying the highest load as a proportion to its GDP of its exposure to Greece, direct and indirect.   

Utterly unfair.   This load should have been carried by those who let Greece in the Euro in the first place when clearly they were not prepared for it,  and by those who looked the other way while Greece was cooking its books.  After all with their fiscal largesse the Greeks bought Mercs and BMW's not Maltese honey.  Those who like us joined in 2004 and later should not have been made to carry the Greece risk.

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