Newsletter October 09: Push for end-year political deal on EU supervision

GOTHENBURG – The goal of creating a stronger and more unified system of macro and micro-supervision within the EU moved several steps closer in late September when the European Commission submitted precise legislative proposals; and a working group of government representatives from the 27 member countries began detailed scrutiny of them. Mats Odell, Sweden’s minister of local government and financial markets, made it clear that his country – which currently holds the rotating six-monthly presidency of the European Council – intends to push hard for full political agreement at government level by the end of the year.