Theft by whom? The bank(s) have failed. The only people that actually deserve their money are the insured depositors. And that is exactly who is NOT getting wiped out or taking a huge haircut - the insured depositors. There is no good solution here. This one is just better than going directly to the taxpayers to bail out yet more banks. In this case the shareholders in the “bad” banks lose everything - just like shareholders in other bankrupt company lose their shirt. That’s how it should work. Uninsured depositors (deposit amounts over 100k Euro) are going a lot of money, but that’s better than losing ALL their money. Everyone knew these banks were in serious trouble, and they knew it for a long time now. Shareholders and big depositors just bet on the resolution being another typical tax payer financed bailout, the were wrong.
“Uninsured deposits” are presumably at risk from common theft — not govts. and policies supposedly in place to ENFORCE these very agreements (rule of law).
You seem like a ‘Rat visitor, from your “comments.”
Have a nice day (get lost.)