Economy - Voice of America: EU Leaders Agree on Bank Rescue Fund

Economy - Voice of America economy-and-business

EU Leaders Agree on Bank Rescue Fund Jun 29th 2012, 08:51 Leaders of the European Union have reached an agreement to use its permanent rescue fund to directly boost struggling banks across the continent, and to seek a tighter long-term budgetary and political union.  The decision was reached early Friday morning after hours of discussions at the EU summit in Brussels.  The agreement also establishes a joint banking supervisory body for the 17-nation bloc that uses the euro currency, and allows the rescue fund to buy the bonds of distressed ... Media files: FD96BDB6-697D-4522-8DC7-51E44CB5DA54_cx0_cy0_cw0_w800_r1.jpg (image/jpeg, 0 MB)

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