Where Does Paschi Turn Next After Ousting CEO Viola?

The transcript discusses the ousting of a bank's CEO amid investor concerns about stability and the need for a credible leader to manage a risky capital increase. It highlights the qualities required for new leadership, such as strategic vision and political connections. The bank, being the world's oldest, faces significant challenges, including a high nonperforming loan ratio and systemic importance to Italy and Europe. The government aims to avoid impacting bondholders, emphasizing the bank's critical role in the financial system.

What systemic issues are highlighted in relation to the bank's situation?

How does the situation of the bank affect the broader context of Italy and Europe?