By SPA,
Brussels : European Union member states remain divided over the need to set up a pan-EU financial supervisor despite the deepening global financial crisis, REUTERS quoted the chief of the bloc’s executive arm as saying on Thursday.
“There is not yet agreement about the need for a coordinated response, for instance, on a supervisory authority,” European Commission President Jose Manuel Barroso told a seminar.
He added he was not satisfied by the level of cooperation among the bloc’s 27 countries, despite a deal this week among their finance ministers.
He confirmed the Commission would present next week a draft law regulating credit rating agencies, blamed partly by many analysts for some of the financial woes.
SUPPORT TWOCIRCLES
HELP SUPPORT INDEPENDENT AND NON-PROFIT MEDIA. DONATE HERE