EU leaders hail breakthrough on eurozone banks

EU leaders are expected to hail a breakthrough in efforts to strengthen integration in the eurozone.

However, decisions at the EU summit in Brussels to set out a range of checks and balances on eurozone banks also raise new questions about a two tier Europe.

British banks will not to subject to the new centralised scrutiny, continuing to be supervised by national authorities.

Most of the other nine non-eurozone states are considering whether to submit their banks to the new economic crackdown.

Only the UK and Denmark are able to formally opt out of joining the euro.

Advertisement

EU leaders reject Syria move

Prime Minister David Cameron has told ITV News Europe Editor James Mates that EU leaders did not discuss military intervention in Syria during the EU summit.