Iran crisis should be a catalyst for EU integration, ECB’s Stournaras says

The Middle East war is an economic drag for Europe. Greek central bank chief Yannis Stournaras said the crisis should act as a wake-up call for more integration. He mentioned joint debt issuance as part of this effort. Stournaras highlighted the need to build the bloc’s capacity to withstand shock. He described these steps as necessary to enhance resilience. His remarks focused on economic integration within the bloc. Stournaras’s comments were on the broader response to current economic conditions without specifying further details.