More form Vitor
The risk is that this situation is more true in the US and less in Europe
In case of contagion, the role of the ECB would be very important
Doesn't see contagion between US markets and Europe
There is no risk to the independence of the ECB
Italian banking sector is resilient
Market does not seem too concerned with bank solvency
Insurance sector has been quite resilient
He's spot on with that second comment ;-)
