Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-09-22-Speech-3-882"
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"en.20100922.20.3-882"2
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"I voted for the Giegold report on the European Securities and Markets Authority because the European Union urgently needs to equip itself with tools for supervising financial markets so as to avoid new financial and economic crises. The creation of this authority, and those created in the rest of the ‘supervision package’, enable us to move from simply coordinating national authorities, whose interests sometimes differ greatly, to real European authorities. In this way, the activities of credit rating agencies, who are largely responsible for triggering the financial crisis, will, from now on, be subject to direct European supervision. This is undeniably a step in the right direction, even if there is still a long way to go."@en1
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