Cyprus was seen as the last straw by the German tax paying electorate. Our Soviet educated, Cold War throwback President was warned by the Opposition, the former Central Bank governor, a succession of finance ministers, coalition partners and the markets that the economic crisis was going to hit Cyprus sooner or later and that some of his spending plans had to be postponed or canceled so that we can undertake fiscal consolidation and reform. We were watching Greece destroy itself in front of our own eyes and we did nothing. We continued to fly obliviously like a pigeon colliding into a skyscraper.
Comment: In defence of the German view - Cyprus Mail
By Timothy SpyrouPublished on March 23, 2013
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