"We are on the right track, and we continue our tireless efforts for social prosperity," said Prime Minister George Papandreou, arriving yesterday in Brussels to attend the Party of European Socialists (PES) summit.

Speaking to the press, the premier pointed out that the Greek crisis highlighted the weaknesses of the international markets.

"An enhanced supervision system is necessary and is an issue we want to have promoted at the G-20 (Toronto June 26-27)."

Today, the leaders of the 27 European Union country members come together on the strategy of "Europe 2020" . “Public policy must support employment, social cohesion, and green economy” said Papandreou stressing that this is the message the Greek side will convey to the discussions pertaining to Europe’s future economic governance.