UniCredit CEO Says Mergers in Europe Will Be Very Difficult

The transcript discusses UniCredit's achievements, growth strategies, and challenges in mergers and acquisitions. It highlights the importance of organic growth, the strategic focus on Germany and Italy, and the health of the Italian banking system. The future of European banks, including the need for consolidation and larger banks to support SMEs, is also analyzed.

What is the outlook for M&A activity in the European banking sector?

What measures has UniCredit taken to improve its risk profile?

How does the text describe the current health of the Italian banking system?