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“Everything in order?!”
On the building: "Banks"
On the megaphone: "Supervision"
On the truck: "ECB"
At the summit on December 13 and 14, the 27 member states agreed a system of banking supervision.
This embryonic banking union is responsible for only 150-200 of the EU's 6,000 banks mainly because Germany was keen to avoid its regional banks – which are highly exposed to toxic debts – coming under the secutiny of the new banking supervisor.
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