The adoption of the consolidated banking supervision mechanism in the euro area

Weakening the u.s. dollar today as the end of the debt negotiations. And Senate leaders predicted that an agreement will be reached during the day so that the US Government is funding through mid-January and postponed debt ceiling until early February. While the market remains in a State of optimism that an agreement will be reached before on October 17 but investors increasingly cautious. The Fitch Ratings has put the US economy under control aalslbet and warned that although the debt ceiling will rise soon, but political tension and financial flexibility may increase the risk of disability. Stronger Sterling moderately against the euro early in the day as employment data showed that unemployment claims fell more than forecast by-41.7 thousand in September, twice the forecast at 13.0. The unemployment rate was unchanged from the level of 7.7% in August. "States," Chief Economist at the British Central Bank, the monetary policy Committee to keep interest rates until we see a sustained period of strong growth and rising incomes and rising employment rate as long as this does not represent a risk to price stability and financial stability. He predicted that the annual growth rate of British 3-4%. In the euro area, consumer price index reading 1.15 in September. And the expansion of the trade balance to 12.3 billion euros in January. And euro zone finance ministers agreed yesterday to consolidated oversight mechanism is the cornerstone of Union Bank and begin a new era for eurozone banks. The European Central Bank's consolidated supervision mechanism. It is expected that this mechanism will evolve and become a bank consortium. The German Finance Minister said it was important to create a legal framework to allow the Central Bank to the European operations of the banking system.