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European Council calls for reform of international financial system

In the face of the financial crisis, the EU leaders affirmed their determination to take coordinated and thorough action to restore the smooth running of the financial systems

Article created on 17 October 2008

In their meeting of 15 and 16 October, EU leaders welcomed the measures undertaken so far by the euro-area countries and other Member States.

Looking ahead, the European Council expressed its resolution to seek further concerted and global action to protect the financial market system and taxpayers' interests. It also stressed the need for further action to strengthen European and international financial market rules and supervision.

>> See EU Council conclusions on the economic and financial situation Choose translations of the previous link