Only in Europe could this seem reasonable. This is a horrible precedent and I wonder how much money will move out of EU banks.
In December 2012, the FDIC and Bank of England published a paper saying:
"deposit guarantee schemes may be required to contribute to the recapitalization of the firm... insofar as a bail-in provides for continuity in operations and preserves value, losses to a deposit guarantee scheme in a bail in should be much lower than in liquidation."[1]
In a nutshell:
"...the new system raids the Deposit Protection scheme, gives it to the bank instead of you and when that fails to save the bank…then what? The bank fails again and there is no money left in the Deposit Guarantee scheme."[2]
[1] http://www.bankofengland.co.uk/publications/Documents/news/2...
[2] http://www.golemxiv.co.uk/2013/03/plunderball-the-new-euro-b...