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Brussels Wednesday 12 December 2012. A meeting of the Economic and Financial Affairs Council where the Banking Supervision Mechanism will be on the agenda..A compromise agreement by the 27 finance ministers on the package setting up a single supervisory mechanism (SSM) appears to be within the realm of possibility. Spanish Economy Minister Luis de Guindos Jurado (left) talks to Danish Finance minister Margrethe Vestager. Swedish Minister of Finances silhouet in the foreground.