Europe needs banking union to counter slower growth - Danish governor

Lars Rohde

A European-wide single market for financial services could foster higher growth in Europe in the next decades, the governor of the National Bank of Denmark said.

Lars Rohde said: “The single market has been an engine of growth for decades but is still incomplete,” in a speech given today (June 7). He called the banking union “an important step towards allowing consumers and businesses to reap the benefits from cross-border competition”.

Higher growth would help Europe deal with the headwinds

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