they do not want to advertise X as X is a very big figure when you take derivitives and rolled up interests into account.
Y is the figure they do not know - this is reliant on understanding X (which they don't want to know) and forecasting (which they can't do properly)
Y is reliant on a lot of things such as
how are loans performing - performing means repaying something between 1 euro a month and full installment
how much are your non performant loans
Interest charges on borrowed money,
Anglo bond yields
investment bank (nama minor) performance.
objectivity is required and this is a political no - no as they must spin Y to there advantage.
In short they haven't a clue and don't have the capacity or will to come up with a plausible Y.
Whatever Y they come up with will be wrong and they know it -
That is the scorched earth policy - this is delaying the allies so that the Nazis can destroy as much as they can before the inevitable arrives.
Thanks for the reply - if not the illumination!!
To paraphrase, therefore, they know there is a BIIIIIG problem but don't want to know how big BIIIIIG is. Right?
And, if they don't know how big BIIIIIG is and can't, therefore, come up with a cohesive plan to fix it, they just throw more billions into the hole hoping to make an impression. Also right?