FITCH ha emesso un paper in cui (deduco da qs headline) lo scenario per le banche, in caso di deflazione, penalizza molto il bancario periferico.

FITCH SAYS EZ DEFLATION SCENARIO SHOWS PERIPHERAL BANKS MOST AFFECTED 
FITCH - DEFLATION IN EUROZONE WOULD PUT FURTHER PRESSURE ON BANKS, DAMPENING EARNINGS, INCREASING NON-PERFORMING LOANS AND WEAKENING COLLATERAL VALUES