Coeuré calls for further progress to single capital market
‘De-fragmentation' of Europe's capital markets remains some way off
A single market in capital requires not just a banking union, but a fiscal union and economic union as well, according to European Central Bank (ECB) executive board member Benoît Cœuré, who warned in a speech today that simple price convergence across the eurozone's capital markets could signal trouble ahead rather than true de-fragmentation.
Delivering a lecture as part of the ICMA Capital Market Lecture Series 2014 in Paris, Cœuré said "current favourable market developments are no reason to
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