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European Council: Council Conclusions - Ecofin Council of 7 October 2008 [PDF]
In the current troubled situation in the financial sector, and building on our Heads of State and Governments' declaration of 6 October, we agree that the priority is to restore confidence and proper functioning of the financial sector.

We have agreed to support systemic financial institutions. We all commit to take all necessary measures to enhance the soundness and stability of our banking system and to protect the deposits of individual savers. EU authorities and Member States will remain in daily contact through the EFC in order to share information and ensure a comprehensive and coordinated response to the current situation and our continued effort to work on our common principles, ahead of the European Council.

Yet another European Council resolution that is not even good as toiled paper.

I distribute. You re-distribute. He gives your hard-earned money to lazy scroungers. -- JakeS
by Migeru (migeru at eurotrib dot com) on Sat Mar 16th, 2013 at 07:42:11 PM EST
[ Parent ]
European Council: BRUSSELS EUROPEAN COUNCIL 15 AND 16 OCTOBER 2008
PRESIDENCY CONCLUSIONS
[PDF]
The European Council met on 15 and 16 October 2008, against a backdrop of international economic and financial crisis. The European Council expressed its resolve to act in a concerted and comprehensive manner to protect the European financial system and depositors.
I guess we're back to September 2008, ladies and gentlemen. The month of Lehman Brothers, Icesave, Dexia, Fortis, and the Irish banking guarantee.

Woo fucking hoo! Go Europe!

I distribute. You re-distribute. He gives your hard-earned money to lazy scroungers. -- JakeS

by Migeru (migeru at eurotrib dot com) on Sat Mar 16th, 2013 at 07:48:36 PM EST
[ Parent ]

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