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Eurozone banking union agreed by finance ministers

European finance ministers have reached agreement on a eurozone banking union ahead of an EU summit in Brussels.

The deal follows months of strained negotiations between member states and it will now be put before European leaders later on Thursday.

New rules on prudent banking are seen as vital to bolster the euro, as bank failures triggered the financial crash.

Matthew Price looks ahead to the meeting.

  • 13 Dec 2012