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Restructuring of Air Malta carries 2011 deficit risk for nation: EC

1-Dec-2010 12:37 PM

European Commission stated the restructuring of Air Malta may entail additional government expenditure and represents an upward risk for Malta’s 2011 deficit forecast (The Independent, 30-Nov-2010). The Maltese Government announced an EUR52 million emergency loan for the carrier last month, as part of measures to save the carrier. A draft restructuring plan is due to be presented to the EC on 15-Dec-2010.