Malta has been in the passport-selling business since 2014,

 

when it began offering its citizenship to wealthy foreigners willing to spend approximately $1.5 million in investments, fees and real estate.

“We want high-net-worth individuals, and highly networked individuals — people who can get things done with a phone call rather than going through bureaucratic processes.”

The elephant in the room, of course, was that as a member state of the EU, Malta’s citizenship was a buy-one, get-26-for-free package: All EU nationals have the right to move freely within the bloc, as well as live, work and transact in all of its jurisdictions.

Bloomberg 13 December 2024

https://www.bloomberg.com/news/features/2024-12-13/what-is-citizenship-how-states-determine-birthright-and-privilege

A Sunny Place for a Shady Online Business

https://englundmacro.blogspot.com/2021/12/a-sunny-place-for-shady-online-business.html

Operation Pedestal 

Wings over Malta

In the summer of 1942, with the outcome of the Second World War still in the balance, the largest Royal Navy fleet in a generation entered the Mediterranean to fight “a four-day battle that became an epic of courage, determination and sacrifice”. It’s a heart-stopping tale that should be better known. Now it will be, thanks to this superb book by Max Hastings, his first foray into naval history.

https://englundmacro.blogspot.com/2021/05/operation-pedestal-was-to-resupply.html

Tillbaka till Rolfs länktips 14-15 december 2024

https://englundmacro.blogspot.com/2024/12/rolfs-lanktips-14-15-december-2024.html