Further enhancements to the Euro Area Accounts These insights show the wisdom of past efforts to build up Monetary Union Financial Accounts (MUFA) for the euro area and to pursue, jointly with Eurostat, the goal of fully fledged integrated Euro Area Accounts.
I may also add that this major progress facilitated the comparison of financial and economic developments between the euro area and other economic areas. In particular comparisons with the US and UK, where companies and households have relied more on financing from outside the banking sector, benefited from the availability of complete financial accounts encompassing all financial instruments and institutional sectors.