When Cyprus was embarking upon its journey into the unknown territory of elevated NPLs and excessive private debt along with banking uncertainty, following the events of 2013, little did we know that 5 + years later we would still be facing the same ‘whims of the weather’ and the same hardships, with no sight of a safe harbour yet.
Or maybe we should have known. Really, what could anyone reasonably expect, without a captain at the helm and a compass to guide us through, without preparatory work and a plan, without knowledgeable and dedicated executors to pull us through the...