Saturday, October 20, 2012


European leaders early Friday agreed to have a new supervisor for euro-zone banks up and running next year, a step that will pave the way for the bloc's bailout fund to pump capital directly into banks throughout the single-currency area......
Friday's announcement is a disappointment for some officials at the European Commission, the EU's executive arm, who had hoped to have the supervisor operational at the start of 2013.
The leaders also discussed plans for a common budget for the 17 euro-zone nations that could be used to absorb economic shocks impacting one part of the euro zone but not others. But José Manuel Barroso, the commission president, said: "This is something for the medium and longer term.

The man who died in Greece :

The death came as protesters lobbed flares, petrol bombs and chunks of marble at lines of riot police, who responded with tear gas and stun grenades, in confrontations which have become all too familiar in the Greek capital over the last three years.
The clashes erupted in and around Syntagma Square, in front of parliament, during protests against a new wave of austerity cuts that the government plans to introduce in November.
"A 65-year-old man was taken to hospital where efforts to revive him failed," a health ministry official told the AFP news agency.
One report said the man had been found dead in Syntagma Square while another said he was found on a bench several hundred yards from the violence.

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