MEPs lay down marker on financial supervision

MEPs have laid down a tough marker for national capitals, with a series of reports on financial supervision seen as going much further than an EU leaders' agreement last December.

"We are not going to surrender. We are going to go into battle to convince the council [representing member states]," said centre-right MEP José Manuel Garcia-Mergallo y Marfil during a meeting of parliament's economy committee on Tuesday (23 February).

Mr Mergallo y Marfil, from Spain, is the author o...