| CORONA NY |
zip code: 11368 | area code: (718)
National News: Top Stories
By Jan Strupczewski and Martin Santa BRUSSELS (Reuters) - European Union governments and parliamentarians will try to reach a compromise this week on how to wind down failing banks, in marathon talks intended to settle who decides to close banks and who picks up the bill. A deal in the negotiations, set to span three days, would be the final step in a European banking union that would mean one supervisor for all euro zone banks, one set of rules to close or restructure those in trouble and one common pot of money to pay for it. The banking union, and the thorough clean-up of banks' books that will accompany it, is meant to restore banks' confidence in one another and boost lending to other businesses and households. New lending has been throttled by banks' efforts to raise capital and reduce the bad loans that proliferated in the recession triggered by the global financial crisis and deepened by the euro zone's own sovereign debt crisis.
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National Sports: Top Stories
KRANJSKA GORA, Slovenia (AP) — Olympic champion Mario Matt led a men's World Cup slalom after the first run on Sunday, while fellow Austrian Marcel Hirscher placed sixth and needed to improve in the second run to go top of the overall standings.