And yet when the bailout is presented the other way around, with German taxpayers asked to backstop reckless Italian or Spanish banks, somehow it is supposed to be an act of solidarity. Legacy problems in national banking systems should be solved at the national level before the banking union moves forward.
试想，如果意大利或西班牙纳税人被要求为德国IKB或HRE银行的鲁莽行为买单，他们会有什么反应？谁会不认为这样的要求不合理？而当援助通过另一种方式呈现，德国纳税人被要求支持意大利或西班牙银行的鲁莽行为，倒是有人认为这是表现团结的机会。国家层面银行系统的遗留问题应该在国家层面得到解决，然后银行联盟才迈得开步子。