ECB’s Constancio calls for accelerated banking union drive - FT
|In his farewell interview after a 34-year career in central banking, the European Central Bank (ECB) out-going Vice President Vítor Constâncio called for accelerated banking union drive, the Financial Times (FT) reports.
Key Quotes:
Eurozone’s southern members have done enough to reform their economies and reduce risk in their financial systems for the bloc to speed up the banking union.
"Enough risk reduction has been achieved to justify introducing common elements of risk-sharing in the banking union project.
The periphery countries have undertaken huge adjustments; they've gone from big deficits, both in the budget and the external current account, to complying with EU rules".
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.