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.
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