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Extracts from the press conference by José Manuel Barroso on the banking crisis
In response to the banking crisis, José Manuel Barroso, President of the EC, asked for more cooperation between Member States, a stronger European financial supervision and greater consistency in national deposit guarantee schemes. He explained that the work achieved since the beginning of the crisis, and especially during the last few days, showed that the European financial system has the ability to respond. He also asked the United States to take responsibility. SHOTLIST