Reinstatement of his proposal for the establishment of a European Economic Sovereignty Fundwhich he believes will support the productive base of weak economies, said the President of PASOK-Movement of Change, Nikos Androulakis, speaking at the Congress of the European Socialist Party in Malaga.

As Mr. Androulakis pointed out, the Congress of the European Socialist Party takes place in a critical economic and geopolitical period for Europe.

The European peoples, after the adventure of the previous decade, with the debt crisis and austerity policies, today are faced with an unprecedented wave of precision and an increase in the cost of living.

Both in terms of products and housing costs.

This is due to the inflation of the greed of powerful financial interests.

“That is why we have a duty to follow common European policies of solidarity”, he underlined, adding that national policies, due to the different capabilities of European states, instead of giving impetus to convergence, create a divergence of economies and societies.

That is why a priority for European socialists, for all progressive forces, are common financial tools, which will support a strong social state and sustainable development with good jobs for European citizens and especially young people.

“I will bring back to our conference my proposal for a European Economic Sovereignty Fund. This fund will be able to support weak economies to create a competitive and outward-looking productive base with many good jobs.” he said pointing out that these are the policies that strengthen the Union and that create a better future for all the peoples of Europe and we have a duty to follow them.