Pages

▼

Friday, December 14, 2012

EU leaders call for 1 body to close bad banks

German Chancellor Angela Merkel, left, speaks with French President Francois Hollande during a meeting on the sidelines of an EU summit in Brussels on Thursday, Dec. 13, 2012. In one whirlwind morning, the European Union nations agreed on the foundation of a fully-fledged banking union and Greece’s euro partners approved billions of euros in bailout loans that will prevent the nation from going bankrupt. (AP Photo/Michel Euler, Pool)European Union leaders are pledging to create a body with the authority to restructure or close down banks in trouble.



READ THE ORIGINAL POST AT news.yahoo.com
at