The European response to the finance crisis must go beyond the proposals made Friday by the G7 finance ministers, European Commission President Jose Manuel Barroso said Sunday in Paris,DPA reported. "The G7 finance ministers took some good decisions. They expressed important general principles. But we must go beyond that ... by offering a more detailed plan for the euro zone and Europe," Barroso said before the start of a summit meeting of the leaders of the euro- zone nations in the French capital. On Friday, the G7 finance ministers said all countries should undertake all necessary measures to prevent "important financial institutions" from collapsing. Barroso also said it was important that the euro-zone leaders propose "a coordinated, coherent response" to the crisis, which has put the industrial nations on the brink of an economic recession. The proposed plan, he said, would be a basis "for other common responses" to be proposed on Wednesday at the EU summit in Brussels.
