ECB's Constancio: Euro-zone is wasting benefits of currency union

Here are some of the key comments made by Vítor Constâncio, Vice-President of the European Central Bank (ECB), in a statement on the ECB's publication of "Financial Integration in Europe" report.

   •  It is a big waste to have taken the huge step to adopt a single currency and continue to forgo the benefits that could be reaped by creating a true banking and capital markets union.
   •  Euro-zone countries should forge ahead in enhanced cooperation in order to more rapidly achieve capital markets union.
   •  Main force behind capital market-oriented process was strengthening and broadening of the economic expansion in the Euro-zone.