EU set to back new joint banking supervision

Associated Press
EU set to back new joint banking supervision

Spain's Economy Minister Luis De Guindos Jurado, left, speaks with Luxembourg's Finance Minister Luc Frieden during a round table meeting of Eurogroup members in Luxembourg on Monday, Oct. 14, 2013. Finance ministers from the 17 nations using the euro currency are discussing how to establish a common backstop fund to restructure or bail out bust banks. Dutch Finance Minister Jeroen Dijsselbloem, who chairs the meetings of the Eurogroup of finance ministers, cautioned Monday’s talks were about technicalities and no final decision was expected. (AP Photo/Thierry Monasse)

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