Europe

EU Edges Toward Banking Union as Greece Gets New Bailouti
|| 0:00:00
X
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.


You May Like

At Khmer Rouge Court, Long-Awaited Verdict Approaches

First phase of trial, which is coming to an end, has focused on forced exodus of Phnom Penh in 1975 - and now many are hopeful justice will be served More

Video When Fighting Eases, Gazans Line Up at Bakeries

When there is a lull in the conflict, residents who have been hunkered down in their apartments rush out to stock up on food and other necessities More

Video Information War Rages Alongside Real One in Ukraine

Downing of Malaysian airliner, allegations of cross-border shelling move information war in war-torn country to a new level More