Central Banks Criticize Europe for Political Gridlock on Economy – NYTimes.com

FRANKFURT —FOR European officials, it may have been an especially untimely —and embarrassing —example of political gridlock.

Their failure early Saturday to agree on a crucial pillar of the euro zone’s new banking architecture, despite 18 hours of haggling, occurred just as the world’s central bankers were about to criticize politicians for exactly that kind of dithering.

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