Fixing the Crisis Euro Zone Agrees to Bank Oversight Deal

Euro-zone finance ministers agreed early Thursday on a far-reaching deal for the creation of an oversight authority for the currency zone's largest banks. The agreement will also allow troubled financial institutions to borrow money directly from European emergency bailout funds.
Europe's biggest banks will be monitored by the ECB in the future.

Europe's biggest banks will be monitored by the ECB in the future.

Hannelore Foerster/ Getty Images
cgh -- with wire reports