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Last Updated: Oct 28th, 2008 - 17:57:18 |
BRUSSELS (Reuters) - A banking rescue plan agreed at an emergency euro zone summit mark a breakthrough in cooperation among the 15 members of the single currency area, European Commission President Jose Manuel Barroso said on Monday. "We have set out a new framework for the euro area. We now have an unprecedented level of coordination to make clear to European citizens and to the markets that we can act in concert," Barroso said in a statement.
"I welcome the fact that yesterday's comprehensive agreement in Paris is now being turned into concrete action at national level to restore liquidity and recapitalise banks."
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