Integrated markets should boost growth says Weber

More integration of financial markets should give Europe's long-term growth prospects a much-needed boost, European Central Bank Governing Council member Axel Weber said on Thursday 28 April.

"The development toward a more integrated financial market will as a result bring a stronger capital orientation within national markets," he said in remarks prepared for a speech at the central bank of Luxembourg.

"The more smoothly the process of change goes, the larger are the chances of realising the

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