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Malta Great Britain formally acquired possession of Malta in 1814. The island staunchly supported the UK through both World Wars and remained in the Commonwealth when it became independent in 1964. A decade later Malta became a republic. Since about the mid-1980s, the island has transformed itself into a freight transhipment point, a financial centre, and a tourist destination. Malta became an EU member in May 2004. Major resources are limestone, a favourable geographic location, and a productive labour force. Malta produces only about 20% of its food needs, has limited fresh water supplies, and has few domestic energy sources. The economy is dependent on foreign trade, manufacturing (especially electronics and pharmaceuticals), and tourism. Continued sluggishness in the European economy is holding back exports, tourism, and overall growth. Since January 2007 Malta uses the Euro for payments. Source: CIA World Factbook
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Pictures from this European country can be
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