[mistercow]

>In no way was this a good plan.

mdasen gave some very reasonable arguments that in fact, yes, in some ways it was a good plan. Fr the reasons you gave, you can certainly argue not a good plan on balance. And I would tend to agree with you, although I would confess significant ignorance to the particulars of the situation

But it is misapplication of the affect heuristic to say that because the plan stinks over all, there is nothing good about it.

[ameister14]

He really only gave two arguments. One, that it is easier to implement, and two, that it spread the burden to foreigners.

I don't actually think this is easier to implement. Perhaps faster. In the long run, however, this is the hard way to go.

As to spreading the burden to foreigners, that's only a good thing if you're not a foreigner and you don't plan on doing business with foreigners in Cyprus.

If you are a wealthy man who has his fortune elsewhere, this is still not a good plan, because there is potential for personal repercussions.