FILE - In this May 31, 2012 file picture President of the European Central Bank Mario Draghi reports to the Economic Committee, in capacity as the head of the European Systemic Risk Boa

 

              FILE - In this May 31, 2012 file picture President of the European Central Bank Mario Draghi reports to the Economic Committee, in capacity as the head of the European Systemic Risk Boa
FILE - In this May 31, 2012 file picture President of the European Central Bank Mario Draghi reports to the Economic Committee, in capacity as the head of the European Systemic Risk Board, at the European Parliament in Brussels. European Central Bank head Mario Draghi is urging eurozone leaders to move ahead quickly and put the ECB in charge of supervising banks - a key step in overcoming the continent's crisis over too much government debt. Draghi said the ECB should be permitted to start organizing its supervisory activities from Jan. 1, as laid out in the original proposals from the European Union's executive commission. Draghi is pushing back against calls by German officials for delay. Germany's finance minister Wolfgang Schaueble has said that the Jan. 1 start will slip due to the need to get the complex new setup done right, and Chancellor Angela Merkel has indicated there is no hurry on the proposals. Draghi told members of the European Parliament's monetary committee that the single banking supervisor, combined with later measures such as a common bailout fund and shared deposit insurance for people's savings, were "three pillars that will restore confidence" in the shaken eurozone. Together, the package is dubbed "banking union." (AP Photo/Yves Logghe, File)