Trichet says financial integration 'major goal'

European Central Bank president Jean-Claude Trichet said Tuesday 11 July financial integration is a key goal for the ECB as it will help boost growth and absorb shocks.

"Financial integration for us is a major, major goal," Trichet said at a press conference on the launch of the Short-Term European Paper (STEP) initiative.

Financial integration is not only important to drive growth, but also to help absorb shocks, the ECB president told reporters.

On STEP, Trichet said the programme aims to boos

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