European leaders added to the growing rhetoric on financial regulation on Tuesday (16 June) as the EU prepares for a summit later this week where the topic is likely to generate heated debate.
"By the end of this week, the European Council must give a clear mandate to the European Commission to start the urgent creation of two institutions," said Belgian Prime Minister Herman Van Rompuy.
"Firstly, a powerful and effective European Systemic and Risk Council centred around the Euro...
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