E.U. drafts new regulatory system

Friday, June 19, 2009

French President Nicolas Sarkozy at E.U. summit

E.U. leaders are backing a draft for a new regulatory system which includes a systemic risk board to spot credit problems. The draft also includes an upbeat note on financial recovery. Stephen Beard reports.

French President Nicolas Sarkozy, right, prior to a working session on the second day of an E.U. summit at the European Council headquarters in Brussels -- June 19, 2009 (Gerard Cerles/AFP/Getty Images)

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