EU's Barroso: to work for bank scheme interaction

BRUSSELS, Oct 6 (Reuters) - The European Commission is ready to work with EU member countries to ensure their bank deposit guarantees interact properly and urges them to coordinate their action, Commission President Jose Manuel Barroso said on Monday.

He also said EU rules on the internal market, state aid and budget discipline were flexible enough to cope with the kind of "exceptional situation" hitting global markets and did not need to be changed or suspended.

"They are designed to address changing circumstances. Their equitable application is the basis for mutual confidence and for a lasting recovery. Of course we will apply these rules with the necessary flexibility," Barroso said in a prepared speech text. (Reporting by Dale Hudson, editing by Paul Taylor)