Nevertheless, we cannot rule out the possibility that difficult negotiations, especially if they interact with the increasing global and European political and institutional uncertainty, could at a certain point trigger further market turbulence. It is unlikely that Italy would be immune.
In conclusion, identifying an adequate framework for managing the crisis of small and medium sized banks as well as for banks with innovative business model is crucial and particularly urgent at present time, also considering that this kind of bank could be those suffering the most from the pandemic. 4.