03/05/2018 (Agence Europe) – On Thursday 3 May, the outgoing Vice-President of the European Central Bank (ECB), Vítor Constâncio, suggested that enhanced cooperation be set in place between the 19 countries of the Eurozone to make swifter progress on the Capital Markets Union (CMU). Presenting the annual report of the monetary institute on financial integration in Frankfurt, he welcomed the resumption of financial integration in the Eurozone of 2017, but called for progress to continue. “It is a big waste to have taken a huge step to adopt a single currency and continue to forgo the benefits that could be reaped by creating a true banking and capital markets union. I believe that euro area countries should forge ahead in enhanced cooperation in order to achieve CMU more rapidly”, he said. (MF)