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December 11, 2012
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  • ECB bank-supervision plan is adjusted to address German objections
    In a proposed compromise to assuage German concerns, only eurozone banks with assets exceeding €30 billion would fall under daily supervision of the European Central Bank. The offer, from EU president Cyprus, aims to smooth the way for agreement by leaders meeting this week on an initial step toward a banking union. The proposal, however, would allow the ECB to intervene in smaller banks under some circumstances. Reuters (12/10) LinkedInFacebookTwitterEmail this Story
If you can talk brilliantly about a problem, it can create the consoling illusion that it has been mastered."
--Stanley Kubrick,
American filmmaker

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