EU leaders must urgently break bank and sovereign debt with retrospective effect – Prendergast

Labour MEP for Munster, Phil Prendergast, today highlighted the urgency of breaking the link between banking debt and sovereign debt as soon as possible, and with retrospective effect.   Speaking from Strasbourg, where a European Parliament plenary debate was held, this morning, on the outcome of the European Council, Ms. Prendergast said:   “The new Single Supervisory […]

Europe Needs Decisive Action, Not Sub-Prime Measures – Prendergast

Labour MEP for Ireland South Phil Prendergast urged EU Member State government leaders to take decisive action to avert further deterioration of the Eurozone crisis. Speaking ahead of next Sunday’s European Council summit, Ms. Prendergast said: “The sovereign debt crisis is a consequence of an economic crisis triggered by the near-implosion of a reckless financial […]