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The latest business and finance news from around the world, on the BBC

The latest business and finance news from around the world, on the BBC.

World Business Report: EU agrees banking union deal

19/12/2013

EU agrees banking union deal

BBC World Service - World Business Report, EU agrees banking union deal

Eurozone ministers form deal to tackle failing banks

Eurozone ministers form deal to tackle failing banks.

Eurozone finance ministers have agreed on a deal to address the issue of failing banks. We find out how this long-awaited pact will be implemented. Plus, after the Federal Reserve's announcement yesterday - that it will begin to pull back its stimulus effort - we ask Economist, Irwin Stelzer, for his reaction. Also, we take a look at the controversial economic empowerment programme underway in Zimbabwe. And how a five year mission has been launched to map the Milky Way.

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