PN says Muscat offering poor economic advice

The Nationalist Party has dubbed Opposition leader Joseph Muscat “a poor economic advisor” for keeping his economic policies under wraps as to how he intends creating jobs.

The PN said Muscat’s recent advice to emulate the Cypriot economic model would push the economy towards the “edge of disaster” and be catastrophic for thousands of workers, SMEs and their families.

The PN said Muscat had staunchly advocated Labour’s partnership model when it opposed EU membership, and that Malta now had one of the lowest rates of unemployment in Europe.

“He opposed Malta’s eurozone membership and again time proved him wrong when it is a well known fact that the euro has positively exposed Malta to a market of millions of consumers and businesses,” the PN said.

“Despite Muscat’s wrong economic advice, the country is managing well when considering that other European economies are in a mess with thousands of workers on the dole and other European governments trying to salvage their precarious situation through sever austerity measures.”