Draghi says 'significant progress' made on bank deal
Eurozone negotiators reach accord on banking stability20 March, 18:17
The measures deal with how best to set up a joint authority among the eurozone memebers that can restructure or even close failing banks.
The new joint authority would be part of the broader banking union system, which is designed to ensure that in the future, if a bank fails it won't threaten financial system stability.
It is also expected to ensure that a country's budget and taxpayers will not be crushed by a bank failure.