I agree with you, but in doing so, they will break just about every banking rule in the EU that was used against Italy, Greece and Spain.
The arrogance of Germany will prevail, and they will do as they wish to save the bank. Ultimately using public funds, or EU money to rescue it.
The result we be another nail in the coffin of the EU.
It could also be MUCH sooner than 2 years. You are already seeing the signs of the future of this unworkable merger. This would require an injection of billions to just to pay for the desperately needed restructuring. This will then need further billions to refinance and make completely stable.
The alternative is to do what they have been doing. Fix what they can, get smaller and smaller, and then in a few years sell of whats left. Just hope and pray nothing bad happens while doing it to cause another crisis they could not survive.
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