OUR EU partners did actually refer to this product of blackmail as a rescue package. This rescue package will drive away all international business from Kyproulla, drastically reduce our GDP and possibly trigger a run on the banks as soon they open on Tuesday.
Of course things would be 10 times worse without the package because the collapse of the banks would be a certainty, the haircut of bank deposits would be in the region of 70 per cent and the state would have no money to pay the poor public parasites.
But this is the option most of our political parties seem to prefer if yesterday’s statements by deputies were anything to go by. So there is the likelihood that when deputies are called to vote on the haircut bill today they will reject the trim thus paving the way for a number one.
Someone should inform them that it is not the Annan plan they would be voting for, because in this case heroic resistance would come at a very high price. The choice is not between change and keeping things as they are – it is between disaster and annihilation, which is a bit of no-brainer.