Wednesday, 20 June 2012 03:49
Posted by Shoaib-ur-Rehman Siddiqui
LOS CABOS: European members of the G20 group of world economic powers have agreed to begin integrating the banking system in the eurozone currency bloc, according a summit statement issued Tuesday.
"We support the intention to consider concrete steps towards a more integrated financial architecture, encompassing banking supervision, resolution and recapitalization, and deposit insurance," the joint statement said.
Copyright AFP (Agence France-Presse), 2012