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Tuesday, December 4, 2012

Germany, France at odds over EU banking supervisor

Spanish Economy Minister Luis de Guindos Jurado, right, talks with French Finance Minister Pierre Moscovici, during the Eurogroup meeting, at the European Council building in Brussels, Monday, Dec. 3, 2012. Details of a plan for Greece’s to reduce its heavy debt by buying some of it back at bargain prices will be presented Monday in Brussels to finance ministers from the 17 European Union countries that use the euro. (AP Photo/Yves Logghe)Germany and France are divided over of the powers a new European banking supervisor should have to better deal with financial crises, leading European Union finance ministers to end a meeting Tuesday without agreement on the matter.



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