Europe must overcome banking fragmentation, says Eurogroup president

Europe’s fragmented banking market has become a strategic vulnerability that could undermine the continent’s ability to finance its own future, according to Eurogroup President Kyriakos Pierrakakis. “Fragmentation is no longer only a financial inefficiency; it is a strategic vulnerability,” Pierrakakis said in an interview with the European Central Bank’s (ECB) Supervision Newsletter. His comments come […]