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European Central Bank 'ready and waiting' to oversee banks ^ | 17 Jul 12 07:44 CET | (AFP/jcw)

Posted on 07/17/2012 10:55:36 PM PDT by Olog-hai

The European Central Bank (ECB) could take on the key role of supervising the eurozone's strained banking system very quickly if necessary, a German financial daily reported on Tuesday.

"The institution is credible; it could do it and quickly," French central bank head Christian Noyer told Tuesday's edition of Germany's Handelsblatt business daily.

"All we need is a plan for overall supervision of the eurozone banks. It that was ready today, then you could put it into effect tomorrow," he said. …

(Excerpt) Read more at ...

TOPICS: Business/Economy; Crime/Corruption; Foreign Affairs; Government
KEYWORDS: centralization; ecb; eussr; fiskalunion

1 posted on 07/17/2012 10:55:45 PM PDT by Olog-hai
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To: Olog-hai

It will become necessary.

2 posted on 07/18/2012 1:07:46 AM PDT by F15Eagle (1 John 5:4-5, 4:15, 5:13; John 3:17-18, 6:69, 11:25, 14:6, 20:31; Rom10:8-11; 1 Tim 2:5; Titus 3:4-5)
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To: F15Eagle

Only because they arranged it to seem that way.

3 posted on 07/18/2012 1:39:43 AM PDT by Olog-hai
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