Brussels, 19/10/2012 (Agence Europe) - In the early hours of Friday 19 October, the European Summit said that speedy progress was needed in setting up a common eurozone bank supervisory mechanism under the aegis of the European Central Bank (ECB) (see EUROPE 10712), the objective being to introduce the legislation by the end of the year and bring it on-stream in 2013 in full respect of the integrity of the single market. It seems highly unlikely that the direct bailout of struggling banks,...