Thomson ReutersMarch 20, 2014 13:21
BRUSSELS (Reuters) - Europe struck a deal on Thursday to complete a banking union with an agency to shut failing euro zone banks, but there will be no joint backstop for a fund to pay the costs of closures.
Following are key facts about the agreement. For a story, click
What is banking union?
* Banking union was shaped in part by Mario Draghi, the president of the European Central Bank, but it falls short of his vision.