Financial markets still fragmented, say ECB and Commission

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Fears the eurozone will break up have "essentially vanished" but financial markets remain more fragmented now than they were before the financial crisis, the European Central Bank (ECB) said today.

The ECB and the European Commission presented reports on financial integration in Europe at a conference in Frankfurt today. Both find that although integration is improving, it is yet to catch up with pre-crisis levels.

At the heart of the analysis is a new synthetic indicator of financial integratio

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