‘Ambitious’ capital markets union necessary – Constâncio

European markets

The eurozone needs an “ambitious” capital markets union, or CMU, to smooth over potential macroeconomic shocks, Vítor Constâncio told an audience in Malta on April 4.

The vice-president of the European Central Bank (ECB) said monetary policy had been the “mainstay” of macroeconomic stabilisation in the eurozone since the onset of the financial crisis.

While there were other potential sources of stabilisation, Constâncio said, there was a lack of synchronisation among the business cycles of

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

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