Hence, practicable bail-in procedures and higher capital buffers are two sides of the same coin. If we follow this approach in real life, we have the opportunity to make important headway towards redrawing the lines between the public and the financial sectors, between the state and banks.
And thus we also have the opportunity to restore confidence in our banking sector, our public sector and in our economic market system as a whole in the spirit of those who advocated our social market economic system so brilliantly, in the spirit of Ludwig Erhard and the founding fathers of the social market economy.