ABC news.com 2014.03.20 14:36
By RAF CASERT Associated Press
The European Union completed another major step toward creating a banking
union on Thursday, setting up measures to stabilize the financial system
and make it easier to deal with troubled banks.
After all-night negotiations lasting into Thursday, EU member states and
the parliament broke a deadlock on how to set up a joint authority that can
restructure or shut down failing banks.
UNION, DEADLOCK, NEGOTIATOR, DEAL, CREDIBILITY, CONFIDENCE, USA