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Cameron: EU 'false choice'

David Cameron has insisted it is in the UK's national interest to be part of the European Union.Speaking at the European Summit in Brussels, he said there was a "false choice" between going along with all of the reforms of the Union and leaving it.

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EU leaders agree on supervisory body for eurozone banks

European Union leaders have agreed to introduce a single banking supervisor for the eurozone next year, a French Government source told Reuters.

It is thought that all 6,000 banks in the single currency area will come under the European Central Bank supervision by 2014, but most day-to-day oversight will be delegated to national bodies.

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