European banks remain vulnerable to financial sector shocks: analysts

STORY: European banks remain vulnerable to financial sector shocks: analysts DATELINE: April 3, 2023 LENGTH: 0:02:01 LOCATION: Rome CATEGORY: ECONOMY SHOTLIST: 1. various of European banks 2. SOUNDBITE 1 (English): LORENZO FORNI, Professor of economic policy from Italy's University of Padua 3. various of Credit Suisse 4. various of Silicon Valley Bank 5. various of Signature Bank 6. SOUNDBITE 2 (English): LORENZO CODOGNO, Chief economist of LC Macro Investors Ltd. 7. various of Deutsche Bank STORYLINE: European banks are better prepared than those elsewhere in the world for crises such as the failure of two regional banks in the United States earlier this month. However, analysts say they remain vulnerable to changes in consumer confidence, and weaknesses in the financial sector. SOUNDBITE 1 (English): LORENZO FORNI, Professor of economic policy from Italy's University of Padua "The deep root of these financial events is related to confidence. I mean, you can have very strong fundamentals, but you know,