EU Leaders Agree To Overseer For Banks

from National Public Radio

At a summit in Brussels, the European Union agreed to create a single overseer for its 6,000-plus banks. The move is seen as an important step in preventing future financial meltdowns. The European Bank will lead the efforts and the new overseer will have the power to intervene in any bank in the 17 eurozone countries.

Broadcast Dates

• Morning Edition, October 19, 2012