If nationalisation means deciding on the allocation of credit on the basis of unsound economic criteria, it is not a good idea. If the problem is about a private bank allocating savings badly, then you have to see why the bank is making bad decisions. That usually means that the owners or managers of the bank are not good.
What a bank needs, whether it is state-owned or not, is good governance and control over the soundness of credit decisions. We have equally seen examples of bad public and private banks. We have had the troika since 2012 and now we still have problems with the banks. Shouldn’t that have been addressed during the programme? Banks were a priority.