BERLIN (MNI) – EU heads of states and governments at their summit
next week want to make the European Central Bank responsible for banking
supervision in Europe in the future, Germany’s daily Die Welt reported
Friday, citing a non-identified EU diplomat.

EU Council president Herman van Rompuy “has the agreement of the
27″ member states, the paper cited the EU source as saying.

According to Die Welt, the Council will assign the European
Commission to present a draft bill swiftly after the summer recess.

–Berlin bureau: +49-30-22 62 05 80; email: twidder@marketnews.com

[TOPICS: M$X$$$,MGX$$$,M$$CR$,M$$EC$]