New Concerns From Germany Over European Banking Supervisor

From nytimes.com

Germany has raised new concerns about a proposal to create a single banking supervisor for the European Union that could delay plans to help troubled lenders that finance ministers were to discuss here on Friday. Last December, after weeks of bitter wrangling, euro zone finance ministers agreed to put about 150 large banks under the direct supervision of the European Central Bank and to give it powers to intervene to oversee smaller lenders. The policy is meant to break the vicious circle between indebted sovereign governments and shaky banks. The creation of the single supervisor also is a precondition for nations ... (full story)