Noyer sets out eurozone financial union necessities

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Christian Noyer, governor of the Banque de France, today (July 3) set out three main areas of change needed to establish true financial union in the eurozone.

Introducing a roundtable session entitled 'Rebalancing Rigour and Economic Growth in Europe' at the Paris Europlace International Financial Forum in Paris, Noyer said: "The euro area needs a new and concrete leap towards stronger financial integration."

The powers Noyer deemed necessary were the unified supervision of all the eurozone bank

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