EU Applauds Banking Deal - but Is It Enough? - Presented by: The Aol. On Network

More than five years since financial crisis struck, Europe is on the verge of finalising one its most ambitious reforms since the launch of the euro - an agency and fund to shut problem banks. European leaders will now sign off on the blueprint before final touches are made with the European Parliament next year. The EU wants to prevent a repeat of the turmoil when failing banks in countries from Ireland to Cyprus brought their states to the brink of bankruptcy.



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