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EU economy and finance ministers and governors of the central banks agreed on a joint response to confront the economic slowdown and restore confidence in the financial markets.
ECOFIN agreed to implement a consistent and coordinated response at European level. In financial matters, measures aimed at restoring confidence through increased transparency and accountability will be implemented without delay. The ministers and governors had verified compliance with the transparency recommendations made to the banks for the publication of their half-year results.
The economy and finance ministers and governors also debated a better coordination of the controls and supervision of financial players in
The Presidency also proposed solutions for enhancing the coordination of the various national authorities that supervise financial groups operating in several European countries.
French Presidency press release