EU leaders pledge to ensure financial stability

PARIS (AP) -- The leaders of the European Union's 27 member countries have pledged to take "all necessary measures to ensure the stability of the financial system."

A statement Monday from the EU president in France says the measures could include liquidity from the central banks, targeted measures for individual banks or a reinforcement of bank deposit guarantees.

The statement says EU leaders "will continue to take the necessary measures to protect the system as well as depositors."

The statement stresses the "necessity of close coordination and cooperation" between EU members. France currently holds the rotating EU presidency.

(Copyright 2008 by The Associated Press. All Rights Reserved.)


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