Barroso rejects bold ideas for EU financial reform

The European Commission is calling on EU leaders to further step up coordinated European action to fight the economic crisis. In a Communication to the European Council summit on 19-20 March 2009 issued on the 4 March 2009, the Commission sets out proposals for building on the extensive support already being given to the real economy and to employment. The Commission's Communication unveils a comprehensive reform of the financial system based on the de Larosière report. It shows how a clear and united commitment to this ambitious programme can pave the way for the EU to give a global lead at the G20 summit in London on 2 April.

ESO: Background information: Call for early warning system for banks http://www.europeansources.info/record/call-for-early-warning-system-for-banks/

European Commission: Press Release: IP/09/351: Commission calls on EU leaders to stay united against the crisis, move fast on financial market reform and show global leadership at G20 http://europa.eu/rapid/pressReleasesAction.do?reference=IP/09/351&format=PDF&aged=0&language=EN&guiLanguage=en

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