Bulgarian Socialist Party Leader Elected PES President

Bulgarian Socialist Party Leader Elected PES President

The leader of the Bulgarian Socialist Party and former prime minister Sergey Stanishev was elected president of the Party of European Socialists (PES) on Saturday.

Stanishev was elected on 91.3% of the votes, PES said in a statement issued after its 9th congress.

"Our major goal is to give back hope to the European citizens, to restore the confidence that the European project is the path for a better future," Stanishev said, as quoted in the statement.

"On economic policy, we have pushed for movement on Financial Transaction Tax, on regulation of credit rating agencies, on a genuine banking union and on Eurobonds. On social policy, we are calling for a social pact, so that people can believe that Europe is about them, and on democracy we have set in stone our plans for a democratic common candidate," he added.

Stanishev took over the PES leadership as interim president in late 2011.

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