Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-06-15-Speech-2-116"

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"Mr President, Commissioner, allow me to start by expressing my total satisfaction about the comment you made earlier about yesterday’s sudden and unwarranted decision by the Moody’s credit rating agency to downgrade Greece’s credit rating, a decision which you called unfortunate and erroneous, thereby confirming that our decision to proceed with a radical review of the operating framework of these firms in European territory and to seriously examine the possibility of creating a public European credit rating agency was correct. As regards today’s debate and the proposal to review the regulation on the quality of statistical data within the framework of the excessive deficit procedure, we all know that this follows on from the so-called ‘Greek affair’ in terms of false statistics. As a Greek MEP, I obviously do not feel happy that Greece is used as an example to avoid in such a debate. However, I wish to remind the House – as you did Commissioner – that Greece, the current Greek Government, was the first to recognise the problem and immediately took radical decisions to deal with it, first of all by converting the National Statistics Office into a fully independent authority supervised by Parliament and, secondly, by taking steps to set up an examining committee to investigate and apportion blame to those involved in this unacceptable procedure. Nonetheless, we must recognise that this debate is belated at European level, as there have been adequate statistics which should have galvanised us into action since 2005."@en1
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