reading the following news
I got to think what will really happen when a big bank defaults. By law in the Euro area, the governments have the liability to save or protect private accounts up to 100k euros. My big Q is if the amount of the accounts with such sums would be greater then the total leveraged portfolio of any bank that is or will be saved? If not wouldn't be cheaper to let the bank to default and just support the private costumers!? Or really this all about saving the banksters!!!!!?????