Spain, France want single bank mechanism by end 2012 - Business Recorder (blog)

The GuardianSpain, France want single bank mechanism by end 2012Business Recorder (blog)The finance ministers of France and Spain called on Wednesday for common euro zone bank supervision to be put in place by the end of the year, as fears grow over soaring borrowing costs in Spain that are pushing the country towards needing a bailout.Spanish, Italian Bond Yields Turn LowerWall Street JournalEU in race against the clock to create a banking unionThe GuardianSpanish economy shrinks by 0.3%

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