European Leaders Vow to Support Banks

As the world continues to grapple with the financial crisis, four European leaders vowed to keep the continent's banks from going under, according to a published media report.

French President Nicolas Sarkozy met Saturday with leaders from Germany, the U.K. and Italy. They were joined by the European Central Bank governor and the president of the European Commission.

The leaders agreed that countries in the European Union should not let any bank fail, according to a report published Saturday on The Wall Street Journal's Web site.

"We are taking a solemn commitment to back banking and financial institutions," French President Nicolas Sarkozy said at a press conference following the meeting, according to the report. ...