Submitted by Fox First at Ten on December 6th
By By The Associated Press
GETTING COZY: Four top European Union officials unveiled a report calling for a closer financial union that will clash with some member states' cherished national interests.
DETAILS, DETAILS: The report, which was vague on details, suggested the system would evolve out of Europe's current financial backstops, which include a bailout fund, a nascent banking supervisor and budget checks.
IT'S A START: The report will be used as a starting point for debate at next week's summit of EU government leaders as they seek a way out of the financial crisis by further increasing control over banks and National budgets.
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