1. $ Buys Everything

    Malta to Sell EU Passports

    European and North African leaders pose for the photo family at the Upper Barracca Gardens in Valletta on October 5, 2012 as part of the "5+5 Dialogue" summit in Malta. The leaders from France, Italy, Malta, Portugal and Spain with those from Algeria, Libya, Mauritania, Morocco and Tunisia participate in an unprecedented summit, aimed at strengthening cross-mediterranean ties in the wake of the Arab Spring uprisings.     POOL AFP PHOTO PHILIPPE WOJAZER        (Photo credit should read PHILIPPE WOJAZER/AFP/GettyImages)

    Philippe Wojazer/AFP/Getty

    Want to quickly become a European Union citizen? In a move set to make millions of euros for the small nation, Malta plans to sell 1,800 passports for around $880,000 a pop to prospective citizens. Each applicant can also buy less expensive passports for children up to age 26, a spouse, and the couple's parents and grandparents. The new passport holders will be able to travel and work in all 28 EU states, a point that has caused concern in member countries. The European Union will hold a debate on the plan during the first plenary session this year.

    Read it at EU Observer