BRUSSELS, Oct 8, 2008 (AFP) - European Commission chief Jose Manuel Barroso said Monday that EU member states had to do more to coordinate their responses to the financial crisis, despite recent efforts to cooperate.

'I am encouraged by the determination of member states to work together. But I am not yet satisfied. we can and we must do more,' Barroso told lawmakers at the European Parliament in Brussels.

'In particular, I urge member states to make a real effort at coordination to improve co-operation amongst themselves and with the European institutions,' he added.

Measures taken at the national level should be carried out 'on the basis of common principles and within a commonly agreed framework, and take into account the cross-border effects of their actions,' he said.

Barroso welcomed London's multi-billion dollar plan to support its ailing banks, which marked one of the most dramatic moves yet in Europe to this end.

He also said that he would set up a panel of experts, headed by former IMF director Jacques De Larosiere, to stay on top of the crisis.