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    EU banking union moves a step closer

    euronews (in English)

    by euronews (in English)

    The sixth and last EU leader's summit of 2012 was held just hours after finance ministers made significant progress on proposals for banking union within the eurozone.

    Although they did not say exactly when, the leaders did commit to pushing ahead with that agenda by introducing a single supervisory mechanism to deal with problems in the banking sector.