EU Nations Push Toward Broad Accord on ECB Bank Supervisor
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European Union finance ministers tried to bridge bank oversight disagreements, a step that would help sever links between banking woes and sovereign debt plaguing the crisis-stricken euro zone.
Germany sought to shield its small banks, France pressed for common standards and Spain wanted influence that reflects the size of its banking market at a meeting of finance ministers in Brussels today. No nation offered die-hard opposition to the new supervisor, which EU leaders seek to establish at the European Central Bank by the end of this year. Further gatherings are possible before Dec. 31.