S&P downgrade is first warning about Muscat - Gonzi

Prime Minister Lawrence Gonzi said this evening that Malta’s downgrading by credit agency Standard and Poor’s should be taken as a first warning that with Joseph Muscat as prime minister, Malta would be taking a gamble and risking its  finances. Addressing an electoral campaign activity in the main square of Vittoriosa, Dr Gonzi said that for every action there was a reaction and Dr Muscat’s choice of not joining the government and voting for the budget has led to the downgrading of Malta’s credit rating. “We had warned Dr Muscat before the budget that once he agreed with its contents he should have voted for it. He chose his party over the country and now we have the result.” Dr Gonzi warned that the wrong choice at the next election would put Dr Muscat in power and in a position to continue to choose wrongly for the country to the detriment of the people’s wellbeing and hinder investment in education, health and well-paid jobs. “With us (PN) everyone knows that the country moves forward and that we are synonymous with certainty and sound finances. Dr Muscat it’s a risk not worth taking,” he said. Mentioning Labour’s energy proposal as just an example of Dr Muscat’s bad choices,...