Federal Reserve governor discusses benefits of removing geographic restrictions in the EU

Kroszner expressed his belief that experiences in the US can apply directly to current debates in the EU. “Over the past year or so, the winds of nationalistic protectionism seem to have strengthened in Europe, especially with regard to cross-border mergers. The desire to impede cross-border integration has been expressed in quite a few EU countries and with respect to a number of different industries, including banking,” Kroszner stated.

The governor explained that only after the removal of

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