By the way, this style of "bank restructuring" is going to be adopted in the whole European Union.
Soon, everyone's uninsured money (over 100K EUR) in EU banks will be at risk of seizure.
This shouldn't be a surprise to anyone, and is not new.
Bank deposit guarantee schemes almost always have a limit on the amount guaranteed if the bank collapses.
Most people also don't have this much money to potentially lose money because of limits in bank guarantees. It is also not difficult to spread your money around different banks in a way so that the deposit guarantee limits would not affect you.