Chief executive officer and co-founder of BlackRock (BLK) Larry Fink says Europe needs a "stronger capital markets system." Speaking to Bloomberg's Fancine Lacqua in Berlin, he said he's a "very large believer on a banking and capital markets union" and that it's going to be "urgently necessary" for Europe to be able to match the United States "to go to the next step."

Bloomberg videos, provided by MT Newswires