European stock indexes down

Decline in European stock indexes reacted to the results of the EU summit. At the moment we know that the decision to establish a European system of banking supervision in 2013. The participants of the summit also discussed the situation in Greece.

Germany managed to convince the passing of the EU summit in Brussels to delay the creation of a European system of banking supervision. As reported on Friday, October 19, the agency AFP, the Heads of State and Government decided to implement the plan "for 2013." Previously, several countries insisted on establishing control on January 1 next year. Diplomatic sources say that banking supervision will be operational in early 2014 and spread to all of the 6,000 banks in the euro zone. The European Central Bank (ECB) will always give national regulatory authorities on the audit assignment of individual banks. However, if necessary, the ECB could itself supervise.

The issue of the EU commissioner for monetary policy "veto" at the meeting was not discussed. The suggestion German Finance Minister Wolfgang Schaeuble, expanding the powers of the European commissioner, made several EU countries, including Italy.

The decision on the allocation of the next tranche of aid to Greece is not taken because the report is not ready "three"

Data for the euro area balance of payments in August seasonally adjusted was at 8.8mlrd the forecast 11.3 billion price index for September rose by +1.7% (forecast +1.6%).

FTSE 100 5,911.81 -5.24 -0.09%

CAC 40 3,520.85 -14.33 -0.41%

DAX 7,407.33 -29.90 -0.40%