Finally, without prejudice to our primary objective of price stability, we support the general economic policies of the European Union. The completion of a single market for capital and financial services is an important policy priority which should foster the efficiency and development of the European financial system and help increase potential growth.
The ECB and the entire Eurosystem fully support the efforts of the private sector and the EU institutions to enhance the integration and development of the European financial system. In this respect, the ECB works very closely with the European Commission, which has a primary responsibility in this field. The ECB report complements the work of the Commission in this area.