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Surge in exports down to re-export of oil stocks bunkered offshore – MEP Scicluna
Malta’s improved export figures have been boosted by the inclusion of large reserves of oil stocks bunkered offshore in oil tankers, leading one critic – Labour MEP and economist Edward Scicluna – to claim the statistics are “obfuscating” the real state of Malta’s balance of trade. Data issued today by the National Statistics Office for…
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Medac students see how Europe is being governed
A group of second-year students pursuing a Diploma in Diplomatic Studies at the Mediterranean Academy of Diplomatic Studies (Medac) at University recently visited the European Parliament and other European institutions in Strasbourg, France, to get better acquainted with the Europeangovernance system. Among other places the group visited the Maltese Representation to the EU and the…
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Scicluna calls for Euro-Med Investment Bank
Labour MEP Edward Scicluna spoke about the need for a Mediterranean Investment Bank in his plenary speech as a member of the Parliamentary Assembly of the Union for the Mediterranean(UfM). This follows his appointment as a full member of the European Parliament’s delegation earlier this month. At the plenary session in Rabat, Morocco on the 24th and 25th March, which brought together MEPs and…
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Scicluna requests clarification on budget cuts
Labour MEP Edward Scicluna has written to European Commissioner Olly Rehn this week requesting clarifications on various points related to the €40 million cuts in Malta’s budget. Prof. Scicluna said he was requesting the clarifications from the EU because the government was saying nothing. Professor Scicluna asked whether the Commission had considered the government’s forecasts…
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Overwhelming majority approves Scicluna’s report
Labour MEP Edward Scicluna’s report on the Quality Management of European Statistics was today approved with an overwhelming majority at the European Parliament plenary session in Strasbourg. Prof. Scicluna’s main policy recommendations focused on improving the quality of European statistics by ensuring the independence of statistical agencies and the quality of upstream data collected especially…
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EC Vice-President Tajani at Malta Business Bureau Meeting
Professor Edward Scicluna MEP was invited to participate in a high profile business breakfast debate organised by the Malta Business Bureau (MBB) on Monday 5th March at the Grand Excelsior Hotel in Floriana. Stakeholders from the Maltese business sector had the opportunity to meet with the European Commission Vice-President Antonio Tajani. Representatives from the Malta Chamber of Commerce, Enterprise and…
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MIA-ICAEW Collaboration & Regulatory Update
Prof Edward Scicluna was invited to speak at the above event held on Friday 2nd March at the Malta Hilton. As Vice-Chairman of ECON in the European Parliament he gave the background to the reports regarding the Audit and Accountancy directives going through the various stages in the EP. He said that the main…
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The Democratic Process in the Mediterranean and the Middle East
Professor Edward Scicluna MEP participated in a seminar entitled ‘The Democratic Process in the Mediterranean and the Middle East’ organised by the local Association of Former Members of Parliament on Friday 2nd March. The seminar, held at the Committee Room of the Parliament of Malta, was held under the auspices of the Speaker of…
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Feasibility of stability bonds. European Parliament plenary session Strasbourg
Mr President, enough time has passed since the current crisis started for a vigilant observer to note that the crisis resolution remedies are not working. Much energy and time was lost by our EU institutions in devising ways to prevent a sovereign debt crisis from occurring again, rather than addressing the more immediate present and clear danger…
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Labour MEP welcomes move forward on Eurobonds
Labour MEP welcomes adoption of first form resolution on the feasibility of stability bonds by the European Parliament saying it was an important step toward budgetary discipline. Labour MEP Edward Scicluna says well-designed stability bonds could improve liquidity in the bond market, but also bind in rules on budgetary discipline. Labour MEP and Socialist and…