Sunday, October 12, 2008

Logik Portable Boombox

crisis summit, Sarkozy " Agreement reached "


European leaders have reached an agreement to all men faced with the banking crisis. Said French President Nicolas Sarkozy at the end of the Eurogroup summit in Paris.

"The government will give public guarantees to refinance the banking system."

"We will not make gifts to banks," said the French president, Nicolas Sarkozy, in a press conference after the Eurogroup meeting in Paris. "Member States will pay a fair price for their actions," he added, noting that "management that fail should be set aside, should not benefit from this plan."

"Tonight is the time of Europe and its unity."

The measures taken today by the extraordinary summit of the Eurogroup will be applied immediately, starting tomorrow in France as in Germany, Italy and other countries.

Sarkozy announced that the European Union will ask the U.S. to organize a summit to "refound the international financial system."

Then, once we overcome the current crisis, "we must build a new system without financial speculators. Who put the world in these conditions, will suffer the consequences. "The problem is not" to see the reactions of tomorrow "in the markets," but to work to stabilize the situation. "

Barroso's a big step forward
The EU Commission President Jose 'Manuel Durao Barroso, said that "measures will be adopted tomorrow morning mutually compatible and consistent with a framework." The decisions taken today are "a big step forward in Europe".

These measures concern the "liquidity 'and the bailouts," said Barroso, who stressed that launched today in Paris,' "a difficult process but essential for restore confidence in markets. "

Trichet (ECB) impressed by the results of the summit
" I am impressed by the importance and extent of the Guidelines taken '. It is the submission of the ECB President Jean Claude Trichet, the After the extraordinary meeting of the leaders of the Eurogroup, the first since the birth of the single European currency.

IMF: the plan must be in the right direction
"A comprehensive plan, coordinated and useful step in the right direction." So the Director-General International Monetary Fund, Dominique Strauss-Kahn said the plan developed by the Eurogroup, the hope that "a few weeks the peak of the crisis is behind us." "The Fund has resources and tools to assist member countries "grappling with the ongoing financial turmoil.

Strauss-Kahn: The plan going in the right direction
Strauss-Kahn welcomed so positively" or a meeting of the Eurogroup and the results achieved " , and the fact that this is a coordinated plan. "plan - said Strauss-Kahn - in the right direction."

printau in:
http://www.rainews24.rai.it/

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