At a minimum there must be a euro-zone-wide system of depositinsurance and oversight, with collective resources for the recapitalisation of endangered institutions and regional rules for the resolution of truly failed banks.
Many of the data in charts and text were taken from the websites of the Federal DepositInsurance Corporation and the Board of Governors of the Federal Reserve System.
If we all knew, or all depositors in Italian banks knew, that depositinsurance was inviolable then there might be a way to deal with a troubled Italian banking system.
Even officials at the Treasury and the Federal DepositInsurance Corp. sided with the banks, saying the proposal threatened to add risk to the system rather than scale it back.