It is a good artical and helpful for me to read it.There is a short story as follows:Vowed to save the market Day meeting of the four countries involved in the EU is an important country in the G-8 is also a member of the European Union. Other participants include European Commission President Jose Manuel Barroso and the European Central Bank to allow - Claude Trichet. Meeting French President Jacques Nicolas Sarkozy, British Prime Minister Gordon Brown, German Chancellor Angela Merkel and Italian Prime Minister Silvio Berlusconi issued a joint statement after the meeting said: "We have a shared commitment to ensure that We are banking and financial systems to the health and stability will take all necessary measures to achieve this goal. " The statement also asked the European Union to relax the economic performance of member countries of the provisions of the restrictions, called for strengthening coordination and supervision of financial markets, but these initiatives is almost no mention of specific measures. U.S. financial crisis spread to the European market. In the past week, the United Kingdom Bradford - Bentley banks, joint-Dutch group Fortis and the law than Deke Xia joint venture banks and other financial institutions have been in trouble, prompted governments to invest heavily rescue. In this A backdrop, Sarkozy called for holding this meeting in Paris aimed at coordinating European Union rescue package. Sarkozy at a joint press conference after the meeting, the leaders of the four countries agreed that governments should coordinate their actions, but did not say how to coordinate with each other. Difficult to check open The European Union can follow the example of the United States through a huge rescue package to be on the 4th meeting of the focus of most attention. But outside analysts generally agreed that due to differences within the EU, the European Union out of collective hard to save the city a check. French government officials a few days ago the media said the intention of meeting in Paris on the EU proposal to set up a total 300,000,000,000 euros (about 415,700,000,000 U.S. dollars) of European funds to rescue the market. However, opposition to German Chancellor Angela Merkel said she will not be for financial institutions to sign "a blank check." 4, she said that the need to take action, but "those who caused economic losses must contribute to solutions." Merkel is at odds with the position that Germany had to spend billions of dollars euros to help domestic banks. Reuters believes that Germany was not willing to set up a collective EU funds to rescue the market, may be worried that this will let Germany for the loss of banks in other countries pay. A senior aide to French President in Paris before the meeting deliberately lowered expectations of the outside world. The Associated Press quoted French officials not to be named as saying that EU leaders "can not save the world." Disclosure reports, the leaders hope that through this meeting of the Group of Eight meeting next week in time for the pre-determined, the rest of the world need to do to save the market.___________________________________from:
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