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RPT-Draghi - ECB should supervise all euro zone banks
Reuters: Financials
Fri, 23 Nov 2012
FRANKFURT, Nov 23 (Reuters) - The European Central Bank should supervise all euro zone banks, ECB President Mario Draghi said on Friday, adding that those EU countries not using the common currency should have the possibility of participating in joint supervision.
The EuropeanCentralBank has helped soothe short-term sovereign debt worries in Europe , but long-term competiveness must be improved for the crisis to fully fade away, says Morningstar's Dave Sekera.