Pierrakakis: The Era for "Borderless" Banks and Big European Deals Is Here

Protothema

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Eurogroup President calls banking market fragmentation a “strategic vulnerability” – Calls for bigger banks, cross-border integration and fewer barriers to move European savings towards investment

Business Daily

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Kyriakos Pierrakakis called for larger European banks and deeper integration, sending a message from Berlin for reforms and development.

Reporter.gr

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The triptych of larger European banks, cross-border integration and fewer national barriers to capital movements is an immediate priority according to Finance Minister Kyriakos Pierrakakis, who warns that the current fragmented European market constitutes a “strategic vulnerability” for Europe. In an interview with the European Central Bank’s Supervision Newsletter, Mr. Pierrakakis argues that the Savings and Investment Union and a competitive b…

sofokleousin.gr

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The need for a new era in the European banking market, with larger groups, more cross-border activities and fewer national barriers, is being raised.