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OCT 15, 2013 - Huffington Post

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European Banking Supervision Set For Backing By EU

LUXEMBOURG -- LUXEMBOURG (AP) — European Union officials were set to approve the creation of a central banking supervisor Monday, even though they still squabbled over the next steps in the bloc's quest to stabilize its financial system. The expected decision by the finance ministers from the 28-country bloc at their meeting in Luxembourg clears the final legal hurdle to the establishment of the new banking supervisor, which will be operated by the European Central Bank. "This marks an important step," German Finance Minister Wolfgang Schaeuble said. The so-called single supervisory ... Read More

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