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The elderly and vulnerable will suffer".
The question is not whether the vulnerable will be hammered, but by how much.
And without a bigger cake, the portions will get smaller, and the vulnerable will suffer most.
If we permit our economy to drift and decline, the vulnerable will suffer most.
"There are people who will be critical, but those who are vulnerable will appreciate this decision.
Those who are already vulnerable will be harder hit, he predicts.
"The poorest, the sickest and the most vulnerable will be the hardest hit," he said.
The areas most vulnerable will be highlighted, including swathes of Africa, Asia, and Australia.
Some banks may be able to raise money in the equity markets, but the most vulnerable will need government help.
Cutbacks on that scale will be disastrous for a fragile economy, and the most vulnerable will suffer the most.
She admitted: "There will be those who will be critical of this decision but the vulnerable will appreciate it".
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com