Coordinated actions are required for the Union of Capital Markets and Banks in the European Union (EU), said the Minister of Finance, Kyriakos Pierrakakisafter his meeting with EU Financial Services Commissioner for Financial Services and Union, Maria Luís Albuquerque.
Kyriakos Pierrakakis stressed that these two factors would determine the future EU funding as well as the reduction of addictions to third economies.
The minister explained that the challenges for financial stability in Europe remain, due to international uncertainty, market fragmentation and investment delay.
He underlined that Greece supports all the Commission’s initiatives in the direction of completing the completion of banking union and the deepening of the capital markets.