European Union ministers failed on Tuesday to seal a deal for a new system to police thousands of banks across the bloc\'s borders, pushing decisions back to a fresh meeting next week.
After nearly four hours wrestling with problems in the system\'s design, Cyprus Finance Minister Vassos Shiarly, who is chairing the talks until the end of the year, announced that more time was needed to reach agreement on a series of issues.
He called for a fresh meeting between the 27 EU ministers next Wednesday.
With talks among the 17 eurozone-only ministers already called for the morning of December 13, the time had yet to be settled.
After nearly four hours wrestling with problems in the system\'s design, Cyprus Finance Minister Vassos Shiarly, who is chairing the talks until the end of the year, announced that more time was needed to reach agreement on a series of issues.
He called for a fresh meeting between the 27 EU ministers next Wednesday.
With talks among the 17 eurozone-only ministers already called for the morning of December 13, the time had yet to be settled.