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Putting aside lobbies for or against ABL and their political servants, one thing is clear to me: the economy is trying to breath but it can’t because they are stuck in their exposure to an insolvent BDL/Country. We need our banks back to be banks, and provide real liquidity.
Why not commingling banks latest invention being the “fresh” accounts (a liability) into new well governed banking units, and raise pseudo capital into those units?
This will be avoid another endless debate about their main capitalisation, bring trust again & provide them capital injection needed to support what should be crucial :exports and job creation (tech services, manufacturers).
Those who succeed in showing how boards can be boards and governance can be real within these units will have a chance to be future consolidators in a fixed financial sector.
We’ve lost enough time kicking cans. We need a compromising pragmatic plan to save what remains of the economy. The value of Lira is linked to the economic activity and not to government activity!
