“Europe has agreed the core elements of a banking union that mark the most significant pooling of national power since the birth of the euro. European Union leaders meeting in Brussels Thursday will sign off a compromise deal hammered out overnight by their finance ministers after months of difficult negotiations. It will then go to European lawmakers for final approval before May 2014. The banking union is central to the eurozone’s response to future financial crises. The aim is to stop bank collapses from trashing national economies — a fate Ireland suffered in 2010 — and destabilizing the euro.”
http://money.cnn.com/2013/12/18/news/economy/europe-banking-union/index.html
(Visited 47 times, 1 visits today)
Related posts:
Bulgarian government resigns amid protests
Weather seems to blame for U.S. slowdown, Fed's Yellen says
Debt of One Quadrillion Yen? Not a Problem
Tibetan mastiff twins sell for record-breaking $3 million in China
Lead investigator in Oscar Pistorius case is himself facing attempted murder charges
Made Poor by the Crisis: Millions of Europeans Require Red Cross Food Aid
Meredith Whitney: Municipal Finances Reaching an 'Inflection Point'
France 'totally bankrupt', says labour minister Michel Sapin
Cuba looks to medical tourism to entice international visitors
Big tobacco stubs out e-cigarette competitors
Google knows nearly every Wi-Fi password in the world
Pressure to legalise marijuana after Australian boy denied treatment
Wis. Restaurant Gives 1965 Prices to Customers Who Pay With Pre-1965 Coins
Dry California Fights Illegal Use of Water for Cannabis
Craigslist has cost U.S. newspapers $5 billion