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Thursday, Dec 13
2012, 2:45 AM
EU finmins last night finally agreed to a deal in which the ECB will become the banking...
EU finmins last night finally agreed to a deal in which the ECB will become the banking supervisor for the eurozone, a move that's a first step towards a banking union. From 2014, the ECB will oversee at least 150 of the bloc's largest institutions and intervene in smaller banks if problems arise. It's now up to EU leaders to approve the deal at a parley today and tomorrow.