Backing grows for one EU bank supervisor

Article reported that a push by EU leaders to create a single supervisor for Europe’s largest banks was gaining momentum in mid-June 2012 as support built for giving the European Central Bank oversight powers in a big step toward 'banking union'.

It was said that the new-found political impetus was 'astonishing'. However, big political obstacles remained.

ESO: Background information: Germany dashes eurozone expectations / Merkel warns of ‘limited resources’ http://www.europeansources.info/record/germany-dashes-eurozone-expectations-bundesbank-head-backs-fiscal-union-poll-merkel-warns-of-limited-resources/

ESO: Background information: Barroso pushes EU banking union http://www.europeansources.info/record/barroso-pushes-eu-banking-union-france-seeks-eurozone-stability-package-clamour-for-change-on-europes-banks-bundesbank-warns-on-eu-banking-union/

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