Central Banking

Liikanen: EU must improve cross-border payments

ECB governing council member Erkki Liikanen said in comments published on Thursday 18 May that the EU must strengthen its payments system.

The European Commission had taken much action to deepen financial market integration, but there is more to be done, he said in an interview with Finnish business daily Kauppalehti.

"It's incredible that you can get money straight away by card, but if you send it, it can take many days," he was quoted as saying, adding that improvements would also better sho

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