News Headline Summary

EU's Barnier says EU is open to treaty revision on ECB supervision

Update details:

- Last week the ECB said that European law, citing article 127 (6), gave it the legal basis to take on a banking supervisory role and called for a resolution mechanism for shoring up or closing troubled banks to be set up alongside the supervisor.

Print 09:28, 04 Dec 2012 - Economic commentary - Source: Newswires