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.”
Tags: Banking supervisor, Deposit insurance, Euro crisis, Europe, Fiscal union
