EU leaders vow to use any measures necessary / EU resists plan for bail-out fund

Leaders of all 27 European Union governments vowed on the 6 October 2008 to 'take whatever measures necessary' to prop up the financial system as markets plunged across the continent and countries raced to put in place blanket protection for depositors. The unscheduled statement was rushed out after a clutch of other countries followed Germany, and previously the US, Greece and Ireland in offering full or improved guarantees for retail savings.

France24, 7.10.08: EU steps up support for embattled banks http://www.france24.com/en/20081007-finance-ministers-united-approach-financial-crisis-EU-europe-lagarde&navi=MONDE

New York Times, 6.10.08: Europe Works to Contain Crisis http://www.nytimes.com/2008/10/07/business/07euro.html?_r=1&partner=rssnyt&emc=rss&oref=slogin

Spiegel Online International, 6.10.08: EU Too Slow to Provide Answers in Financial Crisis http://www.spiegel.de/international/europe/0,1518,582526,00.html

ESO: Background information: Summit on the international financial crisis, Paris, 4 October 2008 http://www.europeansources.info/record/summit-on-the-international-financial-crisis-paris-4-october-2008-fresh-questions-raised-over-europes-response/

France: EU Presidency, 6.10.08: Statement of the 27 European Heads of State and Government on the Stability of the Financial System http://www.eu2008.fr/impression9398.html?url=%2FPFUE%2Flang%2Fen%2Faccueil%2FPFUE-10_2008%2FPFUE-06.10.2008%2Fdecla_27_finance

OECD: Press Release, 2.10.08: The Global Economy and OECD: Distilling Lessons from a Financial Crisis http://www.coe.int/t/dc/files/pa_session/sept_2008/20081001_disc_gurria_en.asp

Deutsche Welle, 6.10.08: European Leaders Commit to Tackling Financial Crisis http://www.dw-world.de/dw/article/0,2144,3694313,00.html

France24, 6.10.08: EU promises 'close coordination' in dealing with market turmoil http://www.france24.com/en/20081006-eu-all-necessary-steps-financial-stability-financial-crisis-sarkozy-stocks&navi=MONDE

BBC News, 6.10.08: Bank crisis strains EU unity http://news.bbc.co.uk/1/hi/business/7655086.stm

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