> While Germany might not step up now, the ECB will not let DB fail [...] I think that the main reason this can't be, is because of the Maastricht rules effect

> While Germany might not step up now, the ECB will not let DB fail [...] I think that the main reason this can't be, is because of the Maastricht rules effectively blocked the creation of a proper banking union. Mario Monti, when he was Italian PM along with and Mario Draghi, tried to create a proper banking union, but Scheuble under the instructions of the Bundesbank blocked the procedure. Ironic isn't it? Of course since Germany at this point could have the cake and eat it by bending the rules, but that wasn't the case for Italy 2 years ago. We'll see. However, I believe that given the current state of disintegration in the EU it's politically toxic to issue another bailout to a major European bank while unemployment is in record-highs all over the European north and the south.