Money market integration biggest casualty of crunch: ECB


The process of financial integration on the continent recovered quickly following the derailment of the 2008 crisis, the European Central Bank's (ECB) fourth report on the subject, published on Monday, said.

"As market conditions gradually returned to normal during 2009 and especially 2010, the markets that had suffered the most [also] began to move back to pre-crisis integration levels," the central bank said, adding that the need for close vigilance of the situation endured.

The rollback from

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