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    Talks on European banking union end in failure

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    euronews (in English)

    by euronews (in English)

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    Talks between EU finance chiefs ended on Tuesday without an agreement on a proposed European banking union.

    Ministers met in Brussels earlier to discuss how best to structure a single supervisor for eurozone banks.

    But disagreements remain on the EU should so, with Germany concerned about the ECB's potential involvement compromising its independence.

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    http://www.euronews.net/