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

peter-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

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

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 individual account

.