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EU bank deal unlikely on Tues, talks to continue - sources
December 4, 2012 / 11:16 AM / in 5 years

EU bank deal unlikely on Tues, talks to continue - sources

BRUSSELS, Dec 4 (Reuters) - European Union finance ministers are unlikely to reach a deal on bank oversight on Tuesday and are set to meet for further negotiations on Dec. 12, EU officials told Reuters.

“There’s not going to be a deal today. They’ll meet again on Dec. 12 ahead of the summit,” one source said, speaking on the condition of anonymity and referring to the EU leaders summit in Brussels on Dec. 13-14.

That was echoed by two more sources close to the talks.

Ministers were meeting in Brussels on Tuesday to finalise plans to put the European Central Bank in charge of supervising banks, trying to meet a pledge to complete the legal framework for banking union by year-end.

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