Poul Nyrup Rasmussen writes
The PES – and more recently also the European Parliament – has made a clear demand for new regulation to cover all financial players including hedge funds. In response the European Commission has launched a ‘consultation’ on regulation for hedge funds. It is not what we asked for but it is [...]

Obama + 6, Monday 10th, evening
“Are we at the end? Is it over?”. I am asking the most capable people in the supervisory institutions. I am of course talking about the financial crisis. One such looked at me and answered; “no it is not over, may be we are half way”. And then he told [...]

Obama + 6, Monday 10th, early evening

Of course, it is your fundamental right to be a member of a trade union. We in Europe regard this as a natural thing. This is not the case in the US.
It is possible now that American workers will get the same trade union rights as European workers. For [...]

Obama + 6, If they can do it in China … Monday 10th, late afternoon.
China acts quick and decisively when it comes to economic growth ! A 586 billion USD package to counteract the global economic recession - 7 % of China’s GDP! A huge investment in jobs, agriculture and industry.
President Hu Jin Tao called [...]

O + 6, Monday afternoon
“It is really a nice office” was Barack Obama comment to Bush when shown the Oval Office, the centre of US political power. They spent an hour alone together. Did Bush tell Obama what to do? Or what to be aware of? Who knows. I am not in doubt that Obama [...]

The 5th of November, just before the European summit, PES leaders met in Brussels to discuss the financial crisis and the measures should be taken to tackle it.
What did they discuss? What is the outcome of the meeting?
Here you can find a nice videoclip summarizing the PES Leaders Emergency Summit and Jiri Paroubek, Elio Di [...]

Change is finally coming to America! Barack Obama is the new elected President and a new wind is blowing on the USA.
Most of us would like to experience that atmosphere, be part of the change and see Obama moving the first steps towards the New World.
Change is coming to America – and so is PES [...]

Jean Quatremer, correspondant á Bruxelles pour le journal Libération, vient de publier un post très polémique sur son blog. Le sujet est une lettre de Poul Nyrup Rasmussen (Président du PSE) envoyée à Nicolas Sarkozy avant le sommet informel de l’Union Européenne sur la crise financière que le Président Français a convoqué aujourd’hui.
Le journaliste l’accuse [...]

On the 15th of October the PES organized a Prime Ministers’ meeting, prior to the EU Summit.
Yourspace met Sergei Stanishev, Prime Minister of Bulgaria, Wouter Bos, Minister of Finances and deputy Prime Minister of the Netherlands, and Alfred Gusenbauer, Austrian Chancellor, and recorded their comments on the current financial crisis – what is behind it [...]