Malta according to Yahoo

Malta fact sheet from Yahoo's International Finance center:

Malta has been exempted from the controversial seven year moratorium on free EU labor movement sought by Germany and Austria as labor conditions on the island do not suggest any appreciable emigration is likely to occur. The EU has included Malta in the list of 10 countries which will likely meet accession standards by 2005.

Bereft of virtually all agricultural, mineral and energy resources, Malta relies upon its geographical position in Mediterranean shipping lanes and its picturesque charm and historic appeal. Limestone is Malta's only mineral resource of any quantity while all energy inputs, in the form of coal and petroleum, must be imported. Agricultural potential is extremely limited due to population density and the poor quality of the soil. Potatoes are Malta's leading crop. External agricultural dependency and inadequate fresh water supplies are chronic problems.

Malta on Country Watch

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