EU on verge of bridging pre-summit gulf on banks watchdog | Bangkok Post: news

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EU on verge of bridging pre-summit gulf on banks watchdog

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European governments argued through the night in a bid to agree a deal on tightening the oversight of eurozone banks, hours before leaders stage on Thursday their final summit of a gruelling third year in debt-crisis mode. 

A municipal worker sits in front of riot police during a demonstration outside Parliament in Athens on December 12, 2012. European governments argued through the night in a bid to agree a deal on tightening the oversight of eurozone banks, hours before leaders stage on Thursday their final summit of a gruelling third year in debt-crisis mode

After 12 hours of talks at around 0130 GMT, European Union finance ministers had found ways to overcome many of the host of divisions between countries big and small, and over which banks would be covered by which supervisors.

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