€1.50
THURSDAY 9 APRIL 2020 • ISSUE 53
WWW.BUSINESSTODAY.COM.MT
PAUL COCKS
EUROGROUP finance ministers have rallied behind a
call for compromise by Malta, after failing to reach an
agreement over the bloc's fiscal response to the Covid-19
emergency, following a 16-hour long teleconference.
e Eurogroup meeting, which kicked-off one hour
later than planned, had to take several breaks before
calling it a day yesterday morning. e all-night talks
focused on the ways to use EU's bailout fund, name-
ly the European Stability Mechanism (ESM) and on
whether or not to include the Coronabonds scenario.
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CORONAVIRUS
Editorial PAGE 7
BRACING OURSELVES FOR A LEANER, SMALLER AIR MALTA
'If the EU fails in this hour of need,
it can pack up' - Edward Scicluna
Real estate
agency predicts
coronavirus
will lead to
10% drop in
property prices
EUROGROUP MINISTERS DISGAREE ON FISCAL RESPONSE TO COVID-19
Finance minister expects
agreement today, but also
'showmanship and some
cliffhanger negotiations'
Air Malta makes 108 pilots,
139 cabin crew redundant
after unions refuse pay cut
MATTHEW VELLA
AIR Malta has taken the unprece-
dented step to make 108 pilots from
its staff of 134 redundant, after the
Airline Pilots Association (ALPA)
refused to take a radical pay cut of
€1,200 a month due to the corona-
virus grounding all flights.
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Edward Scicluna
92-year-old
Gozo woman is
first COVID-19
victim in Malta
