In my opinion, the only way for BCS to go up to its rightful price range is for all of the members of the EU to cut off Spain, Italy, Greece, and Portugal to default. It will hurt in the short run. But long term, it would be for the best because I don't understand how the EU is going to keep throwing money away into a bottomless pit. They shouldn't allowed these countries to join the EU in the first place. One can't cure debt with more debt.
Here is the bad news: Europe would not be able to avoid a complete economic and financial collapse if Spain, Italy and Portugal were forced out. You must bear in mind the European banking system holds more than a trillion dollars in sovereign debt from these countries. The will have to come together and work out a plan. And don't believe for a moment Germany will escape calamaty if such event occurred. BCS will go up once this crises is dealt with effectively, which is what have failed to do so far, but will be forced to sooner than later.