“A strong eurozone is in Malta’s interests,” Maltese MEP Alfred Sant has said. However, he warned that “new structures of a federal nature being proposed by the EU, like the introduction of a eurozone Finance Minister should not be introduced to the detriment of small states like Malta.”
Dr Sant was speaking during the launch of his book Malta u l-Ewro (3) Malta & the euro. This is the third volume of a bi-lingual publication which provides a Maltese perspective of developments as they unfolded within the eurozone between 2015 and the end of the Maltese Presidency of the EU in mid-2017.
Dr Sant remarked that “although the 2008 crisis appears to be over, economic and social diversions are emerging between countries and regions within the eurozone. An essential challenge has become that of determining how this dangerous divergence can be overcome.”
This latest publication features the latest dramatic chapter of the Greek crisis, the efforts to bolster economic growth in Europe, the impact of Brexit on the eurozone and the debates about the eurozone’s future now that the years of crisis seem to be over.
It also includes a story line of the facts related to the introduction, development and turbulences of the Euro between 1997 and June 2017.
The author said that “the book should serve as an indispensable tool for Maltese students citizens wishing to understand the factors that condition the performance of their national currency.”