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The Party of European Socialists are hoping to become the largest party in the parliament following elections in June (Photo: European Parliament)

Socialists hoping finance crisis will win them control of EU parliament

by Andrew Willis, Brussels,

As the financial crisis continues unabated and hardly a day goes by without more news of toxic assets, bank write-downs and credit shortages - the Party of European Socialists (PES) feel they have the answer.

"We've been very active on the issue of market reform, done in teeth of opposition from the European People's Party," PES press officer Julian Scola told the Euobserver.

"There is a shift at the moment that should favour social democrats," he continued.

The party laun...

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The Party of European Socialists are hoping to become the largest party in the parliament following elections in June (Photo: European Parliament)

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