Inside look @ Portugal

It's intriguing that each nation has bailed out it's banks in order to put itself at risk of deficit spending. Pushing the private liabilities onto the public balance sheets. Why? I'll speculate why, because the governments of the world rely on those banking infrastructures for their day to day operations. State, Local, and especially National governments cannot rely on it's people alone.. but on the international markets to provide funding for itself.

Why else would it be in the interest of governments to save banks? To avoid what?