Are opt-in bank recapitalization plans working?

Mostly Economics points to this passage from Euro Intelligence that says not in Germany.

The money market is still frozen…the biggest mistake of the German plan had been the voluntary nature of bank rescues, which has led to the perverse situation that so far only one state-owned bank, BayernLB, has asked for new funds. Lucas Zeise says the German government made the mistake to ask the banks to co-draft the rescue plan, rather than forcing banks into recapitalisation, as the British and French have done.

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