EU finance ministers have agreed a landmark deal establishing the European Central Bank (ECB) as the single supervisor of the European banking sector, beginning in 2014.\n \nThe agreement reached in the early hours of Thursday morning (13 December) is a significant breakthrough as the EU bids to break the link between indebted banks and sovereign bonds nearly five years after the start of the financial crisis.
It also makes good on an EU leaders' promise to agree on the supervisory fra...
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Already a member? Login hereBenjamin Fox is a seasoned reporter and editor, previously working for fellow Brussels publication Euractiv. His reporting has also been published in the Guardian, the East African, Euractiv, Private Eye and Africa Confidential, among others. He heads up the AU-EU section at EUobserver, based in Nairobi, Kenya.
Benjamin Fox is a seasoned reporter and editor, previously working for fellow Brussels publication Euractiv. His reporting has also been published in the Guardian, the East African, Euractiv, Private Eye and Africa Confidential, among others. He heads up the AU-EU section at EUobserver, based in Nairobi, Kenya.