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                Strong measures will be needed 
                to allay spiralling deficit 
                - Country living on thin air, says veteran economist 
                By Matthew Vella 
                "We are chasing ghosts. We are hoping our gross domestic 
                product will increase when revenue is not coming in, expenditure 
                is rising, and wastage in human resources and other areas is rampant. 
                We are a country living on thin air." 
                READ MORE >> 
                 
                  
                Groundbreaking buyout, soaring profits 
                leave investors non-phased 
                - FIMBank emerges triumphant in battle for London Forfaiting 
                By David Lindsay 
                Despite having announced that its profits for the first half of 
                this year had leapt more than twice as high as last years 
                and after announcing Friday it had emerged triumphant in its battle 
                to acquire the world-leading London Forfaiting Company, Maltas 
                investing community still appears numb to the enormous growth 
                potential Malta Stock Exchange-listed First International Merchant 
                Bank holds at the moment. 
                READ 
                MORE >> 
               
                
                I 
                am not speaking to the press, says Alfred Mifsud 
                By 
                Kurt Sansone 
                 The Labour Partys vigilance board decision on Saturday 
                to publicly warn Alfred Mifsud not to continue "harming the 
                Labour Party" in his articles came as a bolt from the blue 
                after the good publicity the party enjoyed from the visit of the 
                European socialists. 
                READ 
                MORE >> 
               
              
                 
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                     INTERVIEW 
                        
                      Volksbank targets local, 
                      Maghreb markets and establishes local commercial presence 
                      Newly appointed Volksbank Malta Managing Director 
                      Herbert Skok speaks to DAVID LINDSAY about the banks 
                      ambitious plans for the local market spurred by its onshore 
                      move, for which the bank was granted a licence just last 
                      November. Mr Skoks appointment falls in line with 
                      the banks new strategic directions given his extensive 
                      experience in commercial and international banking 
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                  OPINION 
                      
                    Urging the corporate sector to sponsor volunteer care initiatives 
                    Deputy 
                    Prime Minister and Minister for Social Policy Dr Lawrence 
                    Gonzi addresses a seminar on Emerging challenges of 
                    looking after children in residential care organised 
                    by the APPOGG agency yesterday. In his address, Dr Gonzi called 
                    on the corporate sector to look closely at projects like Home 
                    Start and urged corporate support for these programmes.  | 
                 
               
               
               
                NEWS 
               
              Malta not invited to Prague, did 
                not seek invitation 
              Email makes its mark felt on postal 
                service 
              EU says France may push European 
                deficit over limit 
              Labour supply rises, unemployment 
                falls 
                
                
                
                
                
                
                
                
                
                
                
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