ECB calls for further financial integration following 'disappointing progress' on the issue

EU action plan to create single market for capital across member states with the aim of allowing money to flow more easily across the bloc was adopted  in 2015 but progress has been slow

The ECB said the new EU Parliament should focus on policy to further integrate financial markets across the bloc. 

A report by the European Central Bank (ECB) has called for urgent policy action by the new European Parliament to further integrate financial markets across the bloc following “disappointing progress” on the matter since the start of the monetary union.

The ECB said a better integrated eurozone internal market for financial services was necessary to secure European economic and financial resilience following years of significant economic shocks and international conflicts experienced.