Bush Says U.S., Other Governments Working to Stabilize Markets

By Roger Runningen

Oct. 13 (Bloomberg) -- President George W. Bush said the U.S. and other governments will continue to take ``decisive action'' to restore stability to the world's financial systems.

``In these times of economic turmoil, we're working with other governments to resolve the troubles of the financial markets,'' Bush said during welcoming ceremonies at the White House for Italian Prime Minister Silvio Berlusconi.

``All of us will continue taking responsible, decisive action to restore credit and stability and return to vigorous growth,'' Bush said.

Berlusconi noted that he and other European leaders took steps yesterday in Paris to stem the crisis and avert a market meltdown.

``I'm 100 percent sure and confident that we have the means and ways to prevent this from happening,'' Berlusconi said.

To contact the reporter on this story: Roger Runningen in Chantilly, Virginia, at rrunningen@bloomberg.net