Buba's Weber on European financial integration

In the speech 'European financial integration and (its implications for) monetary policy' given on 23 May Axel Weber of the Deutsche Bundesbank said financial integration is a mostly beneficial process which is driven by market forces as well as collective action and public action.

"The current state of financial integration varies across the various market segments, with integration being most advanced in those areas where the relevant market is closest to the common monetary policy. Thus, a

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