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Merkel Warns EU May Miss Bank Oversight Deadline

German Chancellors comments follow European agreement to set up eurozone bank supervisor.

By Rebecca Christie and Tony Czuczka, Bloomberg | Updated on October 19, 2012

German Chancellor Angela Merkel said it’s an open question whether European policy makers can meet the deadline they’d set hours earlier to establish a euro-area bank supervisor by year-end.

“There are complicated questions to clarify and we’ll see in December if we complete it or not,” Merkel told reporters after a two-day European Union summit in Brussels wrapped up today. “For now, the political will is there.”

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