Brussels - The head of the European Commission, Jose Manuel Barroso, on Thursday hailed the US Senate's approval of a 700-billion-dollar rescue plan for the financial sector, calling the vote a "step in the right direction."
Barroso is "delighted by the adoption of the Paulson plan," which is a "step in the right direction," his spokesman, Johannes Laitenberger, told journalists in Brussels.
"We need to inject confidence into the markets at the moment ... We hope that other steps will follow," Laitenberger said.