French-German Compromise Chances Improve for EU Deal on Bank Supervision

Europe has moved closer to implementing common European banking supervision thanks to a compromise between Germany and France, a media report said on Wednesday. The deal calls for the European Central Bank to only monitor the Continent's largest institutions.
The European Central Bank in Frankfurt is to become Europe's banking watchdog -- but only for the biggest banks, according to a French-German compromise.

The European Central Bank in Frankfurt is to become Europe's banking watchdog -- but only for the biggest banks, according to a French-German compromise.

Foto: ALEX DOMANSKI/ REUTERS
cro -- with wire reports