EU Nations Need Unity on Savings Union, Commissioner Says

The European Union’s progress toward a multitrillion euro savings and investment union is being hampered by member states defending their own national interests, the bloc’s financial services chief said Thursday evening.

“We are, quote unquote, ‘united in diversity,’” Maria Luis Albuquerque told a Dublin event, invoking the EU’s 25-year-old slogan in response to the pace of progress on an ambitious plan to transform its capital markets. “My appeal now would be focus a bit more on the united and a bit less on the diversity part.”