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New York Times (December 14)

2012/ 12/ 16 by jd in Global News

By agreeing to empower a single banking supervisor, European leaders took “a step forward in the euro crisis. While solid, this step will only bring stability “if it is quickly followed by other measures, like deposit insurance, a system to recapitalize or shut down weak banks, and, eventually, the establishment of a fiscal and political union.”

 

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