Watch: ‘Change is painful, we need job destruction, but there is hope’

Outgoing Malta Employers’ Association boss Joe Farrugia tells Mario Xuereb the Maltese economy needs a critical transformation and ‘job destruction’.MX: Do you think the economy is in good shape? JF: The general macroeconomic indicators are positive. We have low unemployment and inflation is more or less under control. Public debt increased to €10 billion or...