BBC News - Brussels plans EU-wide banking union from 2013 http://bbc.in/LhyTsf -
"A single regulator to oversee banks across all 27 European Union states could be in place as early as 2013 according to the European Commission.A controversial new bank bailout fund financed by a tax on financial institutions is also planned.
The proposal includes an EU-wide deposit guarantee scheme to protect savers in the event of a bank collapse."
The above seems to be a great way to consolidate economic power in the hands of the few oligarchs who already call most of the shots in the world. This New World Economic Order comes on the heels of a disaster that it created, perhaps for this very purpose.
BBC News - Spain and Italy borrowing costs rise http://www.bbc.co.uk/news/business-18405729
BBC News - India's industrial output grows less than forecast http://www.bbc.co.uk/news/business-18406544
BBC News - UK manufacturing output in surprise April fall http://www.bbc.co.uk/news/business-18407134
BBC News - Eurozone: No safe haven http://www.bbc.co.uk/news/business-your-money-18292739