Brussels, 29/06/2012 (Agence Europe) - European heads of state decided on Friday 29 June 2012 to make progress on Banking Union by transferring power to supervise banks in the eurozone to the ECB before the end of the year without damaging the Single Market. This is the first step towards boosting Economic and Monetary Union (EMU) which the eurozone hopes will deal in part with the debt crisis. The details of exactly how EMU is to be extended will be set out later this year.
The president...