Eurozone countries are integrating faster with the US than with each other, European Central Bank (ECB) vice-president Boris Vujcic said on Monday, arguing the trend leaves the bloc more vulnerable to economic shocks at a time of rising geopolitical tensions. The remark highlights a paradox at the heart of the EU’s long-running push to create a genuine single market for capital: European savings are increasingly flowing to the US while national borders continue to fragment investment within the bloc. Citing ECB research, Vujcic said estimated barriers to cross-border equity investment between the eurozone and the US have fallen by a quarter since 2014, more than twice as much as barriers within the euro area.
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