Brussels, 11/10/2012 (Agence Europe) - The president of the European Council, Herman Van Rompuy, has underlined the need to act and to act fast to set up the single European banking supervision mechanism as the first stage of banking union. He was speaking on Thursday 11 October during the “State of the European Union” conference organised by the Friends of Europe. In his view, reflection on budgetary union, the framework within which the creation of a budget for the eurozone has been...