Friday, June 29, 2012

NPR: A Baby Step Toward a United States of Europe

"So last night, European leaders pulled an all-nighter and agreed(PDF) to create a banking union — to make the eurozone's financial system, at least, more like one big country, and less like a bunch of different countries. The European Central Bank will oversee the banks of all the countries in the eurozone. And the eurozone's bailout fund will be able to lend directly to banks."
- Jacob Goldstein

Photo credit: NPR logo form npr website

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