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For my English-speaking followers, I provide a short summary of my recent op-ed in FAZ: "Banking Policy in the Glasshouse" (thread) 1/n
It starts from the observation that in the German public there's more outrage about bank rescues in Italy than about banking problems at home. This is even though #NordLB is much larger than #Carige. The German government even discusses a merger between 2/n
the 1st & 4th largest German bank, which would create a huge bank that would be even more systemically important than the two banks by themselves. I then discuss Banca #Carige and speculate about possible solutions, all likely involving taxpayers' money. 3/n
