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EU finmins last night finally agreed to a deal in which the ECB will become the banking...

  • Thursday, December 13, 2012, 2:45 AM ET
    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.
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This news story has 4 comments:

  •  
    ECB, FED and any other CB is like a mother to commercial banks... (the crisis showed that very well) isn't that's why every goverment has a regulatory supervising them?

    it's like asking alcoholic to guard the vodka
    13 Dec 2012, 05:23 AM Reply Like
  •  
    Hm. Don't you need a central government before you can have a central bank? I wonder what else is being discussed behind closed doors.
    13 Dec 2012, 07:34 AM Reply Like
  •  
    so the carpet baggers from north america, schmoosing around blighty and the continent looking for bankly bargains...

    i guess the take is that a bank supervisor isn't so much socialist as it is a legal cartelisation?

    nicht wehr?
    13 Dec 2012, 07:35 AM Reply Like
  •  
    what flavor vodka?
    13 Dec 2012, 07:50 AM Reply Like
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