Financial integration helps avert shocks - Trichet

European Central Bank president Jean-Claude Trichet said Monday 13 November closer financial integration will raise the eurozone's resistance to external shocks and increase its growth potential.

"Financial integration is... relevant for the stability of the financial system, as it improves the financial system's ability to adsorb adverse disturbances," he said in a speech to the "SEPA Summit" at the Euro Finance Week.

"Financial integration also increases the potential for greater and more su

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