The EU needs fresh powers to wind up failing banks in a speedy push to the next phase of banking union, according to Mario Draghi, president of the European Central Bank, after a landmark agreement on centralised supervision.
The bailout authority was due to be discussed at a summit of EU leaders on Thursday night, which followed 24 hours of uncharacteristically rapid decision-making by eurozone ministers.
More Blacklisted News...
JMCC Water Filters
6 Dollar Tshirts
Calling for Contributors!Got something to say?
We want to hear from you.
Submit your article contributions and participate in the world's largest independent online news community today!