Banking union can create sustainable financial integration in eurozone, Draghi says
Banking union "can create the pre-conditions for more sustainable financial integration" in the eurozone, Mario Draghi said today, in a speech delivered in Brussels at a conference held for the 20th anniversary of the establishment of the European Monetary Institute.
Draghi said that the eurozone had not succeeded in "achieving sustainable financial integration". Although it deepened significantly after the euro was introduced, it went into reverse when the global financial crisis hit.
"What I
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