How Malta Weathered the Global Financial Crisis: An interview with the former Maltese PM Lawrence Gonzi
Kourosh Ziabari - Fair Observer: Nestled in the Mediterranean Sea between Italy and Tunisia, Malta is the smallest member state of the European Union, having joined the bloc in May 2004. A strong economic performance, especially in the face of the 2008 global financial crisis, and high levels of social capital have helped Malta climb to 19th place out of 149 nations on the Legatum Prosperity Index. The country performs best on safety and security, social capital and economic quality markers in the rankings. Malta adopted the euro as its official currency in 2008, replacing the Maltese lira, and survived the eurozone crisis due to low debt and sound banking practices. Freedom House refers to Malta as a “parliamentary democracy with...
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