Europe

EU Edges Toward Banking Union as Greece Gets New Bailouti
|| 0:00:00
X
Henry Ridgwell
December 14, 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.

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

Wikipedia Proves Useful for Tracking Flu

Technique gave better results than Center for Disease Control (CDC) and Google’s Flu Trends More

Turkish Law Gives Spy Agency Controversial Powers

Parliament approves legislation to bolster powers of intelligence service, which government claims is necessary to modernize and deal with new threats Turkey faces More

Video Face of American Farmer Changing

Average American farmer is now 58 years old, and farmers 65 and older are the fastest growing segment of the population More