Crisis hampering eurozone integration: ECB

The European Central Bank (ECB) has warned that the pace of pan-European financial integration could slow in the wake of the financial crisis.

In its third report on Financial Integration in Europe, the ECB said that though significant progress on integration over time was evident, signs of retrenchment within national borders had emerged of late in certain financial markets.

Money markets and bond markets, both of which had displayed a high degree of integration before the intensification of

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