EU leaders agree on long-term union
Fri, 29 Jun 2012 3:06p.m.
European leaders have agreed to use the continent's permanent bailout fund to recapitalise struggling banks, and agreed to the idea of a tighter union in the long term.
The bank decision at overnight meetings in Brussels on Friday was aimed at helping Spain, which sought a €100 billion rescue to help its troubled banks and is facing rising borrowing costs.
EU President Herman Van Rompuy called it a "breakthrough that banks can be recapitalised directly".
He said leaders of the 17-nation eurozone also agreed to a joint banking supervisory body.
He said the leaders of the full 27-member European Union agreed to a general long-term plan for a tighter budgetary and political union.
Post a Comment
Before commenting, please take the time to read our moderation guide
(Won't be published)
29/06/2012 6:20:59 p.m.
They really need to get there burecratic shit together and stop overspending.
The British government's emergency committee met today after two attackers butch...
Unlike several other schools area, Plaza Towers had no "safe room" in which stud...
Two men with butcher knives hacked another to death Wednesday near a London mili...
Primary Industries Minister Nathan Guy is blaming officials in his own ministry ...
A passerby has described the "horrendous" scene that unfolded as two men hacked ...
Copyright © 2013 MediaWorks TV. All Rights Reserved.