Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-06-06-Speech-1-204-000"

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"en.20110606.21.1-204-000"2
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"Mr President, I absolutely agree with the rapporteur on all five points of his proposals on so-called rating agencies and the exaggerated impact which they have on the global economy and on the European economy. These firms cannot, at the same time, engage in commercial activities which are similar or relate to their supervisory or rating role. We are calling for controls on reports by these agencies, for certain basic principles to be adopted, and for liability for compensation to be introduced for losses caused to states which were poorly evaluated or misleadingly evaluated. I also propose that basic accounting principles be introduced and applied in all the Member States of the European Union, so as to highlight the value, the official valuation of the property of these states, so that we have assets and liabilities and these states cannot be left prey to the whims of rating agencies and the parties they represent."@en1
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