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Sunday, December 18, 2005

Euro we go...

The main story of most of today's papers is that we're going to get a substantial amount of dosh from the EU. According to The Times of Malta:

Prime Minister Lawrence Gonzi was all smiles yesterday as Malta secured a net EU budget package of €455 million (around Lm194 million) over a seven-year period. After more than 17 hours of intense negotiations in Brussels, which ended at 3 a.m. yesterday, Malta managed to retain the same terms negotiated under the Luxembourg presidency with a few additional sweeteners. Of the €805 million it will receive from the EU, Malta has to contribute €312 million to the EU budget and another €38 million to the UK rebate for the period 2007-13 - leaving it with a net amount of €455 million.

In more 'euro news', shops and the service industry will be made to display their products in both lira and euro in 2007. Read the article here.

This is my last post here at Wired Temples. I’ve must say I've enjoyed writing here, although I was rather nervous abot it… and thanks to Toni and Robert who finally managed to convince me to take the plunge!

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