The Party of European Socialists (PES) is a social-democratic European political party. The PES comprises national-level political parties primarily from member states of the European Union (EU) and other nations of the European continent. The PES member parties are themselves members of the Socialist International. The Progressive Alliance of Socialists and Democrats (S&D) is the political group in the European Parliament of the PES. The PES also operates in the Committee of the Regions (in the PES Group in the Committee of the Regions) and the European Council. The PES is currently led by Sergei Stanishev, former Prime Minister of Bulgaria.
President: Sergei Stanishev (BG)
Parliament Leader: Martin Schulz (President) (DE), Hannes Swoboda (Group Leader) (AT)
Founded: 1953 ...
The PES has selected a candidate for Commission President. That's good news. However, the entire process falls short of the “democratic and transparent process” that was promised
November 6th 2013, with a press release and press conference and rather little fanfare, may nevertheless mark an important step for the future of EU-wide democracy. For it was with this statement that the Party of European Socialists (PES) confirmed that Martin Schulz is 'candidate designate' for Commission President. This means that if the PES and its component parties win the European Parliament ...
Paris, Berlin secretly discuss French budget deal Germany and France are secretly discussing a deal to enable the European Commission to approve Paris's draft 2015 budget even though it breaks past deficit-cutting commitments, German weekly Der Spiegel said yesterday (19 October).
The two governments are working on a written agreement under which France will provide the Commission with a detailed roadmap for deficit reduction and structural reform, the weekly reported, without naming its source.
Credibility meets compromise in Europe's bank stress test When Europe announced its latest health check of top banks early last year it promised a "comprehensive assessment" of how well prepared they were to withstand another financial crisis.
In practice, a spirit of comprehensive compromise has been just as important.
A series of Reuters interviews with officials, bankers and others involved in the European Central Bank's financial inspection of the eurozone's biggest banks shows that in the seven months since it began, the ECB has had to shoot down countless pleas from banks and national supervisors for special treatment.