FIRSTPOST YOUSPEAK
Saturday, May 25th 05:42 PM IST
Image
European Commission IMAGE.
France's President Francois Hollande talks to European Commission President Jose Manuel Barroso (L) during a European Union leaders summit in Brussels June 29, 2012. Euro zone leaders agreed on Friday to take emergency action to bring down Italy's and Spain's spiralling borrowing costs and to create a single supervisory body for euro zone banks by the end of this year, a first step towards a European banking union.

France's President Francois Hollande talks to European Commission President Jose Manuel Barroso (L) during a European Union leaders summit in Brussels June 29, 2012. Euro zone leaders agreed on Friday to take emergency action to bring down Italy's and Spain's spiralling borrowing costs and to create a single supervisory body for euro zone banks by the end of this year, a first step towards a European banking union.