Europe

EU Edges Toward Banking Union as Greece Gets New Bailouti
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Henry Ridgwell
December 14, 2012 2:48 AM
European Union finance ministers have agreed to create a single body to oversee the eurozone's biggest banks. It's seen as the first step towards a full banking union across the currency bloc part of moves to try to prevent another euro debt crisis. The finance chiefs also agreed to give Greece another chunk of its multi-billion dollar bailout. But many economists warn the crisis is far from over, as Henry Ridgwell reports from London.

EU Edges Toward Banking Union as Greece Gets New Bailout

Henry Ridgwell

Published December 13, 2012

European Union finance ministers have agreed to create a single body to oversee the eurozone's biggest banks. It's seen as the first step towards a full banking union across the currency bloc part of moves to try to prevent another euro debt crisis. The finance chiefs also agreed to give Greece another chunk of its multi-billion dollar bailout. But many economists warn the crisis is far from over, as Henry Ridgwell reports from London.


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