Brussels - The European Commission "stands ready" to support an emergency summit of major economies on the current financial crisis, as proposed by French President Nicolas Sarkozy at a meeting of the United Nations, officials in Brussels said Wednesday.
Plans for such a meeting "would still have to be worked out," but the European Union's executive "stands ready to participate in, and indeed to provide support for, any initiative that can further the stabilization of the financial markets," commission spokeswoman Pia Ahrenkilde Hansen said.