Edition:
United States
Pictures | Fri Oct 19, 2012 | 10:55am EDT

Merkel raises new hurdles on EU bank union

European Commission President Jose Manuel Barroso (L) and European Council President Herman Van Rompuy hold a news conference at the end of the first session of a two-day European Union (EU) leaders summit in Brussels October 19, 2012. EU leaders met in Brussels for talks intended to try to bridge deep differences over plans for a banking union. REUTERS/Yves Herman

European Commission President Jose Manuel Barroso (L) and European Council President Herman Van Rompuy hold a news conference at the end of the first session of a two-day European Union (EU) leaders summit in Brussels October 19, 2012. EU leaders met...more

European Commission President Jose Manuel Barroso (L) and European Council President Herman Van Rompuy hold a news conference at the end of the first session of a two-day European Union (EU) leaders summit in Brussels October 19, 2012. EU leaders met in Brussels for talks intended to try to bridge deep differences over plans for a banking union. REUTERS/Yves Herman
Close
1 / 5
European Commission President Jose Manuel Barroso covers his mouth as he yawns at a news conference at the end of the first session of a two-day European Union (EU) leaders summit in Brussels October 19, 2012. EU leaders took a big stride towards establishing a single banking supervisor for the euro zone, striking a deal under which the bloc's rescue fund could start recapitalising ailing banks next year, a French government source said. REUTERS/Yves Herman

European Commission President Jose Manuel Barroso covers his mouth as he yawns at a news conference at the end of the first session of a two-day European Union (EU) leaders summit in Brussels October 19, 2012. EU leaders took a big stride towards...more

European Commission President Jose Manuel Barroso covers his mouth as he yawns at a news conference at the end of the first session of a two-day European Union (EU) leaders summit in Brussels October 19, 2012. EU leaders took a big stride towards establishing a single banking supervisor for the euro zone, striking a deal under which the bloc's rescue fund could start recapitalising ailing banks next year, a French government source said. REUTERS/Yves Herman
Close
2 / 5
Germany's Chancellor Angela Merkel speaks at a news conference at the end of the first session of a two-day European Union (EU) leaders summit in Brussels October 19, 2012. Merkel said on Friday that a single European banking supervisor would be built up in the course of next year and must be completed before euro zone rescue funds may directly recapitalise troubled banks. REUTERS/Yves Herman

Germany's Chancellor Angela Merkel speaks at a news conference at the end of the first session of a two-day European Union (EU) leaders summit in Brussels October 19, 2012. Merkel said on Friday that a single European banking supervisor would be...more

Germany's Chancellor Angela Merkel speaks at a news conference at the end of the first session of a two-day European Union (EU) leaders summit in Brussels October 19, 2012. Merkel said on Friday that a single European banking supervisor would be built up in the course of next year and must be completed before euro zone rescue funds may directly recapitalise troubled banks. REUTERS/Yves Herman
Close
3 / 5
Germany's Chancellor Angela Merkel speaks at a news conference at the end of the first session of a two-day European Union (EU) leaders summit in Brussels October 19, 2012. Merkel said on Friday that a single European banking supervisor would be built up in the course of next year and must be completed before euro zone rescue funds may directly recapitalise troubled banks. REUTERS/Yves Herman

Germany's Chancellor Angela Merkel speaks at a news conference at the end of the first session of a two-day European Union (EU) leaders summit in Brussels October 19, 2012. Merkel said on Friday that a single European banking supervisor would be...more

Germany's Chancellor Angela Merkel speaks at a news conference at the end of the first session of a two-day European Union (EU) leaders summit in Brussels October 19, 2012. Merkel said on Friday that a single European banking supervisor would be built up in the course of next year and must be completed before euro zone rescue funds may directly recapitalise troubled banks. REUTERS/Yves Herman
Close
4 / 5
France's President Francois Hollande speaks at a news conference at the end of the first session of a two-day European Union (EU) leaders summit in Brussels October 19, 2012. EU leaders took a big stride towards establishing a single banking supervisor for the euro zone, striking a deal under which the bloc's rescue fund could start recapitalising ailing banks next year, a French government source said. REUTERS/Christian Hartmann

France's President Francois Hollande speaks at a news conference at the end of the first session of a two-day European Union (EU) leaders summit in Brussels October 19, 2012. EU leaders took a big stride towards establishing a single banking...more

France's President Francois Hollande speaks at a news conference at the end of the first session of a two-day European Union (EU) leaders summit in Brussels October 19, 2012. EU leaders took a big stride towards establishing a single banking supervisor for the euro zone, striking a deal under which the bloc's rescue fund could start recapitalising ailing banks next year, a French government source said. REUTERS/Christian Hartmann
Close
5 / 5

Next Slideshows

Merkel says EU bank watchdog will take time to set up

BRUSSELS (Reuters) - German Chancellor Angela Merkel said on Friday it would take more than a couple of months to develop a new banking supervisor for the euro...

Oct 19 2012

Euro zone mulls splitting cost of bank aid with states

BRUSSELS (Reuters) - Euro zone officials are exploring ways to solve one of the thorniest issues they face: how to ensure distressed banking assets are dealt...

Oct 19 2012

Merkel says no back-dated bank recapitalization via ESM possible

BRUSSELS (Reuters) - German Chancellor Angela Merkel said on Friday banks could not be retrospectively recapitalized via the euro zone's permanent bailout fund...

Oct 19 2012

Is U.S. criticism or China's economy behind yuan rally?

SHANGHAI (Reuters) - China's currency hit a record high this week in a rally that has been accelerating, prompting speculation over whether Beijing is behind...

Oct 19 2012

MORE IN PICTURES

Best of Comic-Con

Best of Comic-Con

Highlights from the annual Comic-Con gathering in San Diego.

Sean Spicer resigns

Sean Spicer resigns

Sean Spicer has resigned as White House press secretary, ending a turbulent six months as the chief spokesman for President Trump's administration.

Preparing for a Syrian gas attack

Preparing for a Syrian gas attack

Syrian medical staff learn how to treat victims of chemical weapons attacks, in a course organized by the World Health Organization in Turkey.

Will and Kate's pre-Brexit charm tour

Will and Kate's pre-Brexit charm tour

Prince William and his wife Kate shore up relations with European Union countries before Britain leaves the bloc.

Russia's military might

Russia's military might

A look at Russia's armed forces amid reports the country deployed a new cruise missile despite complaints by U.S. officials that it violated an arms control treaty banning ground-based U.S. and Russian intermediate-range missiles.

Thousands protest Polish court overhaul

Thousands protest Polish court overhaul

Tens of thousands of Poles protest against a new law that allows parliament to appoint Supreme Court judges, defying a European Union warning that the move undermines democracy and the rule of law.

Tensions run high at Jerusalem holy site

Tensions run high at Jerusalem holy site

Palestinian worshippers clash with Israeli security forces outside a Jerusalem shrine in violence prompted by the installation of metal detectors at its entry point.

Protests in northern Morocco swell

Protests in northern Morocco swell

Police fire tear gas to scatter hundreds of protesters, part of the biggest wave of demonstrations in the kingdom since Arab Spring-inspired rallies in 2011.

Strong quake shakes Greece and Turkey

Strong quake shakes Greece and Turkey

A powerful earthquake shakes the Greek holiday island of Kos and the Turkish tourist hub of Bodrum.

Trending Collections

Pictures

Podcast