Debt crisis: Jose Manuel Barroso urges EU to back plans for a banking union

Britain and the rest of the EU should back plans for a banking union that would hand a single authority the power to wind down ailing banks without the approval of national governments, according to the president of the European Commission.

Source: http://telegraph.feedsportal.com/c/32726/f/579300/s/203f8a35/l/0L0Stelegraph0O0Cfinance0Cfinancialcrisis0C932580A80CDebt0Ecrisis0EJose0EManuel0EBarroso0Eurges0EEU0Eto0Eback0Eplans0Efor0Ea0Ebanking0Eunion0Bhtml/story01.htm

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