Statement by the French Presidency of the European Union.

Monday 6 October 2008.

All the leaders of the European Union make clear that each of them will take whatever measures are necessary to maintain the stability of the financial system – including through liquidity support through central banks, action to deal with individual banks or enhanced depositor protection schemes. Deposits in our countries’ banks are safe and we will continue to take the necessary measures to protect both the system and individual depositors. In taking these measures, European leaders acknowledge the need for close coordination and cooperation.