And who will pay if Italy collapse? Who paid when it was Greece? Europe. So it has to do something with others countries because they are paying too. Europe doesn't have enough money to do the same with Italy. Unless the central bank print fresh money based on a 40 years loan. It's the whole Europe that could in trouble and it's the major place .
Tax payers always end up sucking on the wrong lollipops. Remember what happened in Cyprus? They gave people a fresh haircut, and they had no choice but to swallow it. I'm sure that we'll be subject to that same form of theft at some point.
They probably calculate in the way that most of people's savings aren't used anyway, so why can't we take a cut of that to clear some of our debt? It doesn't require money printing, and thus it doesn't devalue their currency further.
It's only a matter of time. Be happy that Bitcoin has gotten cheaper this week, the lower the price is, the more Bitcoin you get for the same amount of fiat, which you could lose a chunk of if governments go nuts on us again.