“It’s an injustice that happened in this country, the result of misguided economic policies, and it needs to be put right,” Annita Demetriou said after meeting the depositors hit by the bail-in haircut.
Fine so far. But there’s a question.
If it was unjust, why did it happen? Could it be because there’s no magic fix for most problems? Could it be because sometimes hard calls get made precisely because the alternatives are even worse?
We know this. We know there’s no such thing as a magic fix.
But those who, now that they’re out of power, would have us believe there’s a magic fix for everything owe us an explanation: why didn’t they find one of these magic fixes to avoid the haircut when they were the ones in government?
Or is Pindarou Street singing a different tune today than it did back then? Because that would need explaining too.
In that case, of course, the headline would have to change: “Anastasiades gave them the haircut, and Annita’s about to give them another.”
Ζακ.
