Skip to comments.European Central Bank 'ready and waiting' to oversee banks
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 thelocal.de ...
Only because they arranged it to seem that way.