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ECB's Draghi calls for centralized banking control
European Central Bank head Mario Draghi has urged Europe to set up a more centralized authority to oversee its troubled banks, criticizing national regulators for choosing "the worst possible way" to help their banking sectors by delaying tough decisions.Draghi said bailouts for Bankia in Spain, and before that Dexia in Belgium, show that national regulators are reluctant to admit the extent of troubles
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