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Currency Malta Latest Information
Euro blues: Even Malta hates the common currency Around 300 super yachts were registered on Malta's maritime register in 2011. Malta has the largest ship register in Europe and the seventh largest in the world, Transport Minister Austin Gatt said this morning. Deep debt cut in third quarter 2011 for Malta Malta cut debt by 1.6% by October 2011, down to 70.3% of gross domestic product from 71.9%. Government debt stands at €4.47 billion. Malta and Italy were the two EU member states with the greatest cuts in government debt between the third quarter and second quarter of 2011. €590 million decrease in Malta’s international investment position As at the end of June 2011, Malta's IIP was estimated to be €0.25 billion. The fiscal compact that Malta is ready to sign At the informal summit on 30 January a new Treaty on Stability, Coordination and Governance in the Economic and Monetary Union was finalised by all EU member states with the exception of the United Kingdom and the Czech Republic. Thousands clamour for return of La Valette’s sword to Malta La Valette’s sword, on display at the Louvre, Paris. The sword was among the treasures taken by Napoleon Bonaparte from Malta in 1798 A Facebook group calling for the return of Grandmaster Jean de la Valette's sword to Malta from France - where it is currently on display at the Louvre, Paris - has accumulated over 4,000 members since it was set up early last year. Fitch affirms Malta's 'A ' sovereign rating On Friday night Fitch affirmed Malta’s ‘A’ sovereign rating while it downgraded Belgium, Cyprus, Italy, Slovenia, Spain and Ireland. Nine eurozone countries have had credit ratings cut European leaders had hoped the single currency area was starting to stabilise but France has lost its gold-plated AAA status in the Standard & Poor’s ratings. Credit Ratings Blitz For Eurozone Countries A string of eurozone countries have had their credit ratings downgraded in a mass blitz by agency Standard and Poor's. France, Austria, Italy, Spain, Portugal, Slovakia, Malta, Slovenia and Cyprus ... S&P hammers euro zone politicians with downgrades NEW YORK (Reuters) - Standard & Poor's hit the euro zone with a downgrade of half the countries in the single currency area, including formerly AAA-rated France, and it questioned the strategy of its political ... |
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