There should have been 1) repayment of the insured amounts 2) liquidation of assets 3) repayment of the rest (likely with a haircut). 4) (optionally) a legi

There should have been 1) repayment of the insured amounts 2) liquidation of assets 3) repayment of the rest (likely with a haircut). 4) (optionally) a legislative reform (if the current system seems not adequate anymore)