E.U. Leaders Agree To Overseer For Banks | WAMU 88.5 - American University Radio
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E.U. Leaders Agree To Overseer For Banks

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At a summit in Brussels, the European Union agreed to create a single overseer for its 6,000 plus banks. The move is seen as an important step in preventing future financial meltdowns. The European Bank will lead the efforts and the new overseer will have the power to intervene in any bank in the 17 eurozone countries.
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