On Monday 23 October, the European Central Bank (ECB) published its report on developments in the financial structures of the eurozone for 2017, in which it notes a continued consolidation of the European banking sector.
The report highlights the expansion of the financial sector of the eurozone, which stood at nearly €76.2 billion in March 2017 compared to €70.8 billion in December 2015. Between 2008 and 2016, the size of the financial sector grew from 5.3 to 6.4 times the gross...