The current situation in Greece reminds us of the importance of economic and financial stability  and of the big price a country ends up paying when it loses it, Minister for Finance, Edward Scicluna, said.

 

PRESS RELEASE ISSUED BY THE MINISTRY FOR FINANCE

 

 

Addressing guests present for the launch of a second, €75 million, Malta Trade for Growth Fund by HSBC, Edward Scicluna highlighted the stability that characterises Malta’s banks, and the way these banks have stood strong in the context of a global financial crisis.

 

The Minister also spoke about the importance of regulations in this sector. He referred to the European Bank Recovery and Resolution Directive (BRRD), which provides a toolkit for dealing with failing banks. He said such legislation aims at putting the depositors’ mind at rest.

 

 

 

Wednesday 24th June 2015