Trichet on European financial markets integration

In a speech on 'The integration of European financial markets' given on 26 January, Jean-Claude Trichet of the ECB said the potential gains from monetary union will only be fully realised if remaining barriers to integration of European financial markets are effectively removed.

There is considerable evidence, Trichet said, that wholesale markets are now much more integrated than before. But integration in securities markets needs to proceed further. Without an integrated European securities

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