Sunday, July 17, 2011

European socialists want euro stability agency

Greek Prime Minister George Papandreou joined Saturday fellow European socialists in a call for a dedicated agency to stabilize euro debt and for limiting the power of credit rating agencies.

The Party of European Socialists (PES) issued a six-point eurozone recovery plan, declaring it time for governments of member states "to collectively reassert their primacy over financial markets."

AFP