>> EU leaders agree legal framework to be completed this year
>> ECB-led supervisor to oversee all 6,000 euro zone banks
>> Day-to-day supervision of most to be delegated-French source
>> No talks about aid to Greece & Spain.


BRUSSELS (AP) – European Union (EU) leaders announced early Friday they had agreed to create a single supervisor for banks in countries that use the euro – without saying when it would become fully operational.

The deal, reached at a summit of EU leaders in Brussels, represented a shaky compromise between the Germans and French, who had been tussling over how to shore up the eurozone’s stricken banking system – one of the main causes of Europe’s debt crisis.