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Significance
Among the charged are former Prime Minister Joseph Muscat, former Deputy Prime Minister Chris Fearne, and current Central Bank Governor Edward Scicluna. The charges are the latest development in a corruption scandal that has roiled the island since 2017.
Impacts
PL could lose one of its four seats in the European Parliament to the opposition Nationalist Party.
The European Central Bank could try to force Scicluna’s exit as central bank governor.
The EU could possibly consider conditioning the disbursement of funds to Malta on improvements to the rule of law.
Keywords:
Healthcare equipment & services,
Malta,
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EU,
economy,
industry,
politics,
corruption,
crime,
finance,
government,
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party,
foreign investment,
investment,
opposition,
privatisation,
protest
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2024
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