<http://schema.org/transcript>
"ROUGH CUT - NO REPORTER NARRATION               Ministers clinched a deal last week to give the ECB powers to supervise the currency bloc's banks from 2014, embarking on the first step in a new phase of integration to help underpin the euro.               Although the central bank will only have automatic oversight of around 150 of the bloc's 6,000-odd banks, it will have the authority to intervene in smaller banks if there are signs of trouble.               A new body called the Single Supervisory Mechanism will be responsible for the oversight, including a supervisory board, which will be \"substantively independent\" from the ECB Governing Council."^^<http://www.w3.org/2001/XMLSchema#string>
<http://in.reuters.com/video/2012/12/17/draghi-new-ecb-bank-oversight-will-reviv?videoId=239929537&videoChannel=104>