I think we’d be in an even worse position with FFP if that had gone through. Just because Moshiri is willing to continue recklessly spending doesn’t mean that we are allowed to do it. We’ll be punished.
I get what you are saying, but you are assuming that Moshiri is a logical individual who views the situation rationally, and that he has a board underneath him who will tell him when he is wrong. I am doubtful on both of those things.
I suspect in the big picture he knows we need to be seen to be making an effort to comply, but he could easily impulsively make a move wholly at odds with that.