Spend, spend, spend to your heart’s content

When you consider the millions of euros debt that the PN accumulated over the years you cannot help but be stunned by the fact that this is indicative of gross mismanagement. Worse still this inability to manage their finances was reflected in how this country’s economy under a PN administration was brought down on its knees. A situation that is very worrying indeed.
The first question that comes to mind is: how is it possible for a party that was 23 years in government to accumulate so much debt?
Actually this is quite easy to answer. Since EFA’s credo was “money no problem”, they had his blessing to spendspendspend to their heart’s content.
Today it was reported that in 2015, HSBC was worried that PN would be unable to settle €7 million and as a result the decision was taken to sell 10 PN clubs.
Could you see the PN selling 10 clubs if in 2013 they were elected as government ?
  • Karl

    What it the financial state of the labour party?

    • A Zammit

      Tinkwitax ghal PL hi, ghax il-finanzi tieghu huma fis-sod daqs il-Mexxej tieghu.

  • Not spending can lead to different kind of consequences on the other hand.

  • A Zammit

    Ejjew inkunu onesti u nghidu l’affarijiet kif inhuma. It-tort tad-djun fi hdan il-PN la huma ta’ Delia, la ta’ Busuttil, la ta’ Gonzi, izda tal-ex PM Fenech Adami (l’ex avukat tar-rahal). Ghal fanatici. EFA huwa/kien il-king ghal PN, wara t-tmexxija dghajfa ta’ Borg Olivier. Izda EFA mexxa kif xtaq/u, ghax sab kaxxa ta’ Malta mfawwra bil-miljuni, li kien halla Mintoff u wara Mifsud Bonnici.

    Mieghu gawdew bil-bosta ta’ madwaru. Izda thott bla ma trodd, kollox jinhatt. L’ewwel beda jinhass fil-finanzi tal-pajjiz, u kompla f’tal-partit. Meta redgha kemm felah, dabbar rasu u bamblu lil Gonzi, waqt li mar ikompli jerdgha fil-palazz. L’akbar misteru ghadu u forsi jibqa’, kif id-djun fil-PN qatt ma hargu qabel it-2013? Min kien qed jaghmel tajjeb? L’ebda awditur minn x’imkien ma qatt jista’ jghidilna ezatt x’gara? Jew forsi xi whistleblower ghad xi darba jistqarr x’kien ghaddej?

  • Glenn Bedingfield

    Simon did many things, being responsible for his party’s biggest defeat and the €26m debt the PN has. He is not responsible for Malta’s economic success though!