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-EU commissioner says new banking union to be ready by 2013.

Global Banking News-July 13, 2012--EU commissioner says new banking union to be ready by 2013(C)2012 ENPublishing - http://www.enpublishing.co.uk

Global Banking News - 13 July 2012

Michel Michel

named after Gaston Michel, a French surgeon (1875-1937).


Michel clip
metal skin sutures in various sizes from 8 to 16 mm long. Each clip is a 2 mm wide band of metal with a downturned sharp prong at each end.
 Barnier, European commissioner for the Internal Market and Services, has said that the new banking union will become operational in 2013.

The banking union has been designed to recapitalise eurozone Eurozone
Noun

same as Euroland

Eurozone neurozona, zona euro

Eurozone nzona euro 
 banks directly if they need financial help. It is also expected that the move will mitigate mit·i·gate
v.
To moderate in force or intensity.



miti·gation n.
 market fears during a crisis. Barnier is to present detailed plans for a single bank supervisor for the EU in September.

It is expected that the plan will be put to vote in 2012.

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Publication:Global Banking News (GBN)
Date:Jul 13, 2012
Words:131
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