ERECOEuropean Economic Research Consortium
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EMU can only consolidate the European market, ERECO says.
But smaller financial centres are shifting to niche areas, ERECO says: the International Financial Services Centre in Dublin is the largest offshore fund management centre in Britain and Ireland.
Regions at the extreme periphery, with weak links to the rest of the EU and with a high percentage of employment in farming, are in the most vulnerable position, ERECO says.