EU countries will save large banks
European Union countries will not admit bankruptcy of any large bank during financial crisis. Such application has been made by the President of the European Union’s “Economic and Financial Affairs” Council and President of the Eurogroup, Jean-Claude Junker (supervising body of 15 EU countries entering into a zone of euro).
Thus Junker has noted that consequences of fluctuations in the market will be felt even for several months. President of Eurogroup convinced politicians of the USA to vote for granting 700 billion dollars in assistance to “sick” financial system, having noted thus, that Europe doesn’t need similar support, as the European banks are in the best condition, than American.
J.-C. Junker has also informed that on October, 4th, the meeting, during which preparation for assembly of world leaders for discussion of crisis, will be lead in Paris.
It is necessary to note, that earlier the chairman of Eurocommission Zhoze Manuel Barrozu (Jose Manuel Barroso) has called the governments of the European Union countries to unite efforts for support of the financial systems, suffering from world credit crisis.
Chairman of Eurocommission considers that for restoration of trust in the markets the joint actions of the governments on rendering assistance to the banks, experiencing difficulties, are extremely important.
