Larry Chilton News Today

In yet another piece of the National Bank of Malta puzzle, a court order for compensation serves to once again revisit the nature of the bank’s nationalisation in 1973: Matthew Vella explores the contentious story of Labour’s economic strategy in a world far different than today’s

Seven years have passed since a Maltese court found that the rights of National Bank of Malta shareholders were breached during the forcible takeover of 1973. But compensation has not yet been set: the BOV-Deiulemar settlement only pours salt on this historic wound...