Statement of the 27 European Heads of State and Government on the Stability of the Financial System

Unofficial translation

All the leaders of the European Union declare that each of them will take whatever measures are necessary to ensure the stability of the financial system – whether by injecting liquidity from central banks, by measures targeted at certain banks or by enhanced measures to protect deposits. No depositor in the banks of our countries has suffered losses and we will continue to take the necessary measures to protect the system and depositors. In taking these measures, European leaders acknowledge the need for close coordination and cooperation.

The President of the European Commission associates himself with this statement.
 

• Updated: 08.12.2008

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