OECD survey notes lack of EU market integration

National governments have been acting as an impediment for integration of EU financial markets, according to an OECD survey of the economy of the euro area. The report noted there has been a push towards the integration of financial markets from the centre of the EU political system. Global developments, such as advances in IT, falling communication costs and standardisation of products, have continued this pressure. However, the report concluded the current level of integration is unsatisfactory and further efforts are needed. The survey showed money markets have integrated rapidl...