German Chancellor Angela Merkel, left, speaks with French President Francois Hollande during a meeting on the sidelines of an EU summit in Brussels on Thursday, Dec. 13, 2012. In one whirlwind morning, the European Union nations agreed on the foundation of a fully-fledged banking union and Greece’s euro partners approved billions of euros in bailout loans that will prevent the nation from going bankrupt. (AP Photo/Michel Euler, Pool)
EU scores hat-trick with Greek, bank deals, Nobel
German Chancellor Angela Merkel, left, speaks with French President Francois Hollande during a meeting on the sidelines of an EU summit in Brussels on Thursday, Dec. 13, 2012. In one whirlwind morning, the European Union nations agreed on the foundation of a fully-fledged banking union and Greece’s euro partners approved billions of euros in bailout loans that will prevent the nation from going bankrupt. (AP Photo/Michel Euler, Pool)
By SARAH DiLORENZO and DON MELVIN
Associated Press /
December 14, 2012
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Nonetheless, Hollande said the work of the past days allowed for ‘‘a good conclusion to 2012.’’
‘‘That is, both to fix the problems of the past and to open a new possibility to a deeper economic and monetary union.’’
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Raf Casert, Sylvie Corbet and Robert Wielaard in Brussels, Geir Moulson in Berlin and Elena Becatoros in Athens contributed to this story.
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