Fitch contradicts GonziPN scaremongering

Fitch Ratings, one of the foremost global credit rating agencies, has again analised the financial situation in Malta. Fitch has declared that whatever the outcome of the next general election, they believe that Malta will have a credible plan to address financial problems and to strenghten public finances.

This declaration, from a reputable credit rating agency, is the total opposite to the doubts that GonziPN is portraying. The Gonzi administration is trying to scare people away from voting Labour. Simon Busuttil, considered as one of the ‘possibles’ to replace Gonzi after the next election, recently spoke about this ‘doubt’.

In the most irresponsible manner possible, Simon Busuttil said that Malta might have to resort to a ‘bailout’. He said that with Labour in government we could be knocking on Europe’s door for  a bailout. The PN’s special delegate should realise that such unfounded remarks are harmful to the country.

Although Simon Busuttil is now part of the GonziPN propaganda machine, he should first check his facts. He should understand that elections for National politics are very different to those for the European Parliament. The Labour Party is pleased to note that a respectable global agency has not taken Simon Busuttil’s remarks seriously.