this sounds incredibly incompetent. to go right in and steal from people’s bank accounts. (when all they need to do is print themselves more money, like USA does... which is, of course, also destructive and immoral but a bit less likely to provoke immediate mass violence in the streets.... ergo: the European politicians sound incompetent...)
They’re on the euro and can’t print it. Only Brussels has the ability to print Euros.
You misunderstand the facts. Those banks are BROKE, BANKRUPT. There are NO assests left for the account holders. So what is actually happening here is that these people are getting 90+% of their lost (by the bank) money back from other people, i.e. the tax payers of those countries funding the bailout.