News Headline Summary

EU finance chiefs reach agreement on ECB supervision, according to EU officials

- EU's Barnier hails historical accord on ECB bank oversight and says Europe has shown capacity to take action. He says EU joint resolution plan to come in 2013; says about 200 banks will get direct ECB supervision; says Deal paves way for ESM to aid banks before March 2014.
- EU's Faull says ECB oversight decision was unanimous.
- French finance minister Moscovici says ECB will be supervisor for all banks and ECb is to supervise 3 biggest banks in every country.

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Print 03:30, 13 Dec 2012 - Asian News - Source: Newswires