That’s a warning. Italians get your money out of the bank now!
What’s the real problem with what this guy has said?
He is saying in effect, end ‘too big to fail’ in Europe and let failing banks fail. Insured deposits remain guaranteed, it is those who invested in the bank, or have accounts over 100k Euro that would take the loss.
They’re trying to end the moral hazard they created by socializing the bank losses in the first place.
What he said is truly what needs to be done, is the problem just that he said it out loud?
"Guten morgen, Herr Drill, and welcome to our bank! Here's yer toaster."
"Danke sehr."
"Ze gut news is zat ze toaster iss yours. Ze bad news iss zat ze money iss ours."
Dear government(s). You do not own our money. You do not have the right to take it. Private property existed before you formed your government.