Arab Today, arab today barroso welcomes deal on bank superivsory mechanism
Last Updated : GMT 02:23:37
Arab Today, arab today
Arab Today, arab today

Barroso welcomes deal on bank superivsory mechanism

Arab Today, arab today

Arab Today, arab today Barroso welcomes deal on bank superivsory mechanism

Brussels - KUNA

The President of the European Commission, Jose Manuel Barroso, Thursday warmly welcomed the agreement reached today morning by EU finance ministers on the creation of a Single Supervisory Mechanism for banks in the Eurozone. \"This is a crucial and very substantive step towards completion of the banking union and a timely step forward in the integration of financial supervision for the euro area,\" he said in a statement. \"We now hope that the co-legislators are able to finalize the agreement on the Single Supervisory Mechanism as quickly as possible,\" he added.

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