European finance sector needs complete overhaul, says ECB's Praet


The overhaul of the eurozone's financial architecture – including the establishment of a fully-fledged banking union – must be accomplished in its entirety, rather than through "selective mending", Peter Praet, a member of the executive board at the European Central Bank (ECB), told a conference in Brussels today.

Praet said preventing chaotic deleveraging was central to restoring European growth at a time when governments, firms and households are consolidating their balance sheets.

Singling ou

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: