Brussels, 04/12/2012 (Agence Europe) - The ECOFIN Council on Tuesday 4 December did not manage to reach agreement in principle on the draft legislation introducing a eurozone bank supervision mechanism under the aegis of the ECB. The draft Cypriot Presidency compromise set out the areas needing to be ironed out: the division of labour and powers between the ECB and national regulatory authorities; and Supervisory Committee governance and voting rights at the European Banking Authority (EBA)...