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EU agrees pan-European financial oversight deal
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European Union finance ministers agreed on Wednesday a compromise
deal for pan-European oversight of banks, insurers and markets, a
diplomatic source said.The ministers have reached an agreement,
overcoming strong reservations from Britain, fearful that supervision
of the powerful City of London from Brussels would end up costing it
taxpayers' money.
This news story was reported by France 24 7 minutes ago
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