Fanoulla Argyrou wrote from London (March 27) “with horror and disgust” in response to Edward Scicluna’s Talking Point (March 19).

When I read that report of our new Finance Minister’s meeting in Brussels, I was impressed by its lucidity and reasoning. I was even more impressed that a minister only in his post for days should have reported to the nation in the interests not only of transparency but also of fact and logic.

Ms Argyrou’s passionate indignation on the fate that has befallen Cyprus is understandable. But she is ignoring the facts. The first fact is that the Cypriot banks accepted more deposits than they could handle.

As usual they turned to Greece and put billions into Greek bonds.

The consequences of that error of judgement is a major factor in the debacle that followed.

The mismanagement of the Cypriot banks and of the Cypriot financial system cannot be blamed on anyone else other than the banks and the financial authorities.

Europe has saved Cyprus from total ignominy by arranging this rescue package. If Cyprus left the Eurozone only Cyprus would suffer. So Cypriots should be grateful at having been rescued by their European friends, instead of making idiotic accusations of “betrayal”.

I spent some months in Cyprus and grew to love the country and her people, but I have always felt that there is a slight problem. The Cypriots have an inferiority complex vis-à-vis the Greeks. To my mind the Cypriots are generally far more intelligent, hard-working and practical, and it is time they turned away from Greece and concentrated on themselves, as we Maltese have learned to do.