Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-04-20-Speech-2-303"
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"en.20100420.12.2-303"2
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"Mr President, I thank the Commissioner for his reply. Obviously, there are problems with the banks in Greece. There is the liquidity that has been produced by the Greek public sector which, unfortunately, is not moving towards the real economy; but what I should like to point out to you is that every time that Greece announces certain measures, certain forms of borrowing, these famous credit rating agencies come along and downgrade the credit rating of Greece and the Greek banks.
This is a sad role. A debate was held earlier, and I have no wish to recycle it. These credit rating agencies, which are private US firms, are truly unreliable and I consider it unacceptable for the European Central Bank and the European institutions to consider them – even today – to be important. The question which arises, and the answers which were heard earlier, are this: alright, the issue may be regulated in 2013. Right now, can the European Union and the institutions stop taking account of these agencies’ ratings?"@en1
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