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EU leaders last week held a summit hammering out details on the creation of a centralized European banking supervisory mechanism, a so-called banking union. But Britain
-- whose capital is home to the EU's biggest financial hub -- remains very skeptical about that plan, saying it threatens to isolate those countries who don't want to join. Hague also dismissed the idea of strengthening the bloc's foreign policy and military cooperation, saying that "it would be neither right nor realistic" to decide on matters of war and peace by a qualified majority of the 27 members. "Indeed, just because some things work well in coordination with all of our European partners does not mean we should do everything at 27," he said. Westerwelle, in turn, stressed that the bloc must act together to address foreign policy and security challenges in its own neighborhood, citing the situation in northern Mali, where al-Qaida-linked radical Islamists have seized power in an area the size of France. "From Mali you only have to cross one border to reach the Mediterranean. Ladies and gentlemen, here lies a stabilization task that we have to undertake together," he said.
[Associated
Press;
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