European banking and capital markets union would foster growth – Draghi
More integrated financial markets can contribute to higher productivity growth, says ECB president
The completion of the banking union and a single capital market in Europe would foster productivity and higher economic growth, said Mario Draghi on September 19.
The president of the European Central Bank acknowledged some of the challenges facing the continent now are similar to those in the early 1980s. Weak growth and high unemployment “heightens distributional questions about open markets; and it creates a false perception among the public that protectionism is a solution”, Draghi said in
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