The European Commission has emphasized that mergers could enhance the resilience of European banks by providing greater asset diversification and more efficient business models. This perspective is supported by six ECB governors who have expressed their approval of the UniCredit-Commerzbank deal in principle. BBVA's CEO, Onur Grenc, advocates for European politicians to allow market forces to dictate banking mergers and acquisitions, a sentiment echoed by Italy's former Prime Minister Letta.