[...]The first step must be to contain the crisis, to prevent it from spreading. To this end, policymakers have surrounded the crisis with a “Wall of Money”, which has meanwhile reached a height of €500 billion. Ring-fencing is certainly a sensible approach, but just like the “Tower of Babel” the “Wall of Money” will never reach heaven. If we continue to make it higher and higher, we will, in fact, run into more worldly constraints – both financial and political ones.[...]