The FT's Peter Spiegel makes the same point: Peter Spiegel (@SpiegelPeter) @fgoria Of course, draft conclusion said they would "complete" the single supervisory mechanism by end of 2012.
In the draft conclusion to her report, Smith suggested that there was no evidence that any report of abuse "reached the ears or the desk" of senior staff – despite so many individuals, including BBC workers, coming forward with tales of Savile's abuse.
A draft of conclusions reached last month by the Council of the European Union and later obtained by civil-liberties organisation Statewatch showed that Eurocrats could equate the smuggling of refugees with the far more serious crime of trafficking.
Under a possible compromise, European governments still would have a last chance to repair their budgets before any sanctions kicked in, according to a copy of the draft conclusions obtained by Bloomberg News.
But it flies in the face of the conciliatory signs the government had been making since September, and the investor-friendly draft conclusions of an official report commissioned into the whole retroactive tax affair.
Diplomats reading from the text of draft conclusions of an EU summit in Brussels on Thursday said the leaders agreed on "the objective of completing the legal framework by the end of the year" with implementation "in the course of 2013".
BRUSSELS (Luke Baker) - Euro zone leaders were set to give their financial rescue fund sweeping new powers to prevent contagion and help Greece overcome its debt crisis, according to the draft conclusions of an emergency summit on Thursday.
But in what appeared to be a rebuff to Mr. Cameron, the draft conclusions prepared by Mr. Van Rompuy's office in consultation with E.U. diplomats ahead of the meeting said that the issue of a euro zone budget "will be separate from and unrelated to current negotiations on the next" E.U.-wide budget.
And all the signs are that the numbers will keep rising (see UNHCR Mid-Year Trends 2014, here).The European Union's response is contained in a ten-point programme (here) to be discussed at an emergency European summit on April 23rd (the draft conclusions are here).
The euro and European stocks, which had fallen on talk of a selective default, rallied sharply on news of the draft conclusions.
