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Toon
This Week: An invitation you can refuse |
The making of budget 2003
Budget 2003 is in the making. Of that we are sure. What it will contain
in terms of policies is unclear but it will definitely have to take
two things into consideration. The first is the state of countrys
finances and the second is the fact that next year is election year.
The state of the countrys finances are definitely not what is
expected of a healthy economy. But then there are few healthy economies
the world over. And this is not only a result of 11 September.
In one aspect there is a positive outlook. In terms of the balance
sheet. It is definitely looking more realistic and less lopsided.
But in terms of real growth there will not be many surprises.
The budget in our view will have to create the correct measures that
will catalyse growth.
The world economy is not looking good. In real terms the Maltese economy
has not fared badly.
The areas which will need attention are those that have a direct influence
on unfolding the spending power in the middle classes.
The other point is creating the right environment for investment.
The latter will not materialise unless we settle the European Union
question.
Nevertheless, it has to be said that Mr John Dalli has a very difficult
job ahead of him. He must please the nation and ensure that the countrys
finances do not go haywire.
Farewell, days of innocence
Peaceful Bali. Yes, wasnt it? The gnawing emptiness of terror
has reached out again and touched a new target. It wont stop here;
the terror will continue to spread and strike where it is least expected,
causing death and demoralisation. The implications of the latest attack
on innocent people in Bali reminds the world how real the danger is.
With the echoes of the 9/11 commemorations that marked the first year
since the atrocity still just a bare month away, we are reminded about
the importance to be relentless in the fight against terror. The fact
that this crime happened in a Muslim country shows that the terrorist
have no qualms about where they sow their deadly seed. When the heart
of the free world was attacked, it looked like a pre-emptive strike
against the pagan Great Satan, as Muslim fundamentalists
call the US. Now however, they have made it clear that everything is
grist to their mill; they seek wanton destruction and no boundaries
are safe.
The attack on Bali gives us pause for thought. What if we are targeted
next? This is no idle exaggeration; we are a tourist destination; we
are peaceful, quiet and fun-loving. Most importantly for the terrorist,
Malta provides a medium where people from all over the world mix freely.
Because of this, any destruction inflicted here would carry maximum
damage and maximum pain.
Seen in a post-Bali light, Malta is especially vulnerable. What are
we doing to ensure, as much as it is humanly possible to do so, that
we are safeguarding ourselves from this threat? Not very much, apparently,
when one keeps in mind that we had an alleged Al-Qaeda member in our
country for a number of days.
Can we afford to be so careless?
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