The Maltese government has announced that it intends to go ahead with a controversial plan to 'sell citizenship' to applicants who pay €1.15m. The government intends that the Individual Investor Program (IIP) scheme should go live in February 2014.
However, there may be a last minute hitch. European Commission vice-president Viviane Reding is said to be taking legal advice about whether the Commission has the power to stop the scheme under EU Treaty law. The European parliament has already held a vote censuring Malta.