'The effect of a bank crash on people is well known by bankers. They obviously want people to spend money and not save which is why negative interest rates are under consideration.'
If that is Obergruppenfuhrer Merkels idea then I would suggest that she has been smoking too much of the Dutch Finance ministers Class A stash. Banking is all about confidence. This sorry episode has not only shot the golden goose, it has been tortured first and then hung out to dry.
If it is about ruining the financial institutions of other countries, then fair enough. It is a retarded plan that will end badly.