BRUSSELS (AP) — Finance ministers of the European Union arediscussing what they still need to do
to create centralized controlsover banks.One major hitch has been how to finance a rescue fundfor banks in
trouble or that have failed.Germany has wanted eachcountry to take care of its own banks. The French have
been seeking asingle EU-wide rescue fund.Jorg Asmussen, member of the executiveboard of the European Central
Bank, said Tuesday that recent bilateralnegotiations have narrowed differences over the proposed fund. But
hesaid he doesn’t expect an agreement Tuesday.Lithuania’s financeminister Rimantas Sadzius, who is chairing
the meeting, is more bullish.He says there are "strong chances" for a deal at Tuesday’s talks,
whichare expected to last 18 hours or more.Copyright 2013 The Associated Press. All rightsreserved. This
material may not be published, broadcast, rewritten orredistributed.BRUSSELS (AP) — Finance ministers of the
European Union arediscussing what they still need to do to create centralized controlsover banks.One major
hitch has been how to finance a rescue fundfor banks in trouble or that have failed.Germany has wanted
eachcountry to take care of its own banks. The French have been seeking asingle EU-wide rescue fund.Jorg
Asmussen, member of the executiveboard of the European Central Bank, said Tuesday that recent
bilateralnegotiations have narrowed differences over the proposed fund. But hesaid he doesn’t expect an
agreement Tuesday.Lithuania’s financeminister Rimantas Sadzius, who is chairing the meeting, is more
bullish.He says there are "strong chances" for a deal at Tuesday’s talks, whichare expected to
last 18 hours or more.Copyright 2013 The Associated Press. All rightsreserved. This material may not be
published, broadcast, rewritten orredistributed.