Disagreement between France and Germany over the scope of the ECB's future supervisory powers...
Wednesday, December 5, 2012, 4:57 AM ETDisagreement between France and Germany over the scope of the ECB's future supervisory powers yesterday prevented eurozone finance ministers from reaching a deal on a banking union. France wants the central bank to regulate all financial institutions while Germany wants to exclude smaller banks. The finmins will go at it again next Wednesday, ahead of an EU summit a day later.
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