Reinventing Europe’s Financial Markets
An integrated single market in financial services would be a platform for innovation and increased competitiveness, and would boost Europe’s global role by allowing EU banks to compete in the worldwide marketplace. While much has already been accomplished, it is time to finish the job.
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FRANKFURT – Despite great progress in integrating the European Union’s financial markets, barriers remain in key areas: retail services, bank mergers and acquisitions, and tax harmonization, to name but a few. Completing a single financial market would boost economic growth and prosperity in every member state. It would also broaden consumer choice, open a host of new investment opportunities, strengthen the EU banking sector, and make Europe a center for financial innovation.