Noyer sets out eurozone financial union necessities


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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