ECB cautious of damaged financial integration in Europe


The European Central Bank (ECB) released a report on April 26 describing how financial integration in Europe has been damaged by the financial crisis. In separate comments, Mario Draghi, president of the ECB, said integration had been "brought to a halt and even reversed in some market segments", by the turmoil.

The Financial Integration in Europe report 2012 said that during 2011, especially during the second part of the year, new tensions had arisen in the eurozone money and sovereign bond

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