In the News (from Euronews): “European leaders come together today in what is being billed as a summit to strengthen economic and monetary union.
“But at this, the fourth meeting this year, the debt crisis is as usual set to colour discussions as the 27 EU leaders look for a way to restore confidence in the euro.
“But the EU Commission is resting many of its hopes of securing the euro’s future on the setting up of a single banking supervisor under the ECB. It’s part of the banking union plan aimed at binding the 17 eurozone countries more closely together. But while the EU commission wants it in place by next year, agreement still has to be reached.”