Euro-Zone Banks 'Cheap for a Reason,' VTB's Mackinnon Says

The video discusses the current state of European banks, highlighting their unattractiveness due to flatlining performance and significant drops from peak values. Despite liquidity injections from the ECB and the TLTRO program, eurozone bank shares remain low, indicating potential deflation. The video emphasizes the need for bank restructuring and recapitalization, particularly in Germany, to improve investor confidence and market outlook.

What factors does the speaker believe need to be addressed for investors to return to the market?

What is the outlook for eurozone banks as mentioned by the speaker?