Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-06-08-Speech-3-293-000"
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"en.20110608.20.3-293-000"2
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"I voted against the report on credit rating agencies. It is politically unacceptable and economically dangerous for these agencies, which have played such a negative role in the present crisis, to continue to have the right, granted by the EU itself, to rate not only companies, but also the economies of the Member States. The European Parliament should be more decisive and radical in its decisions on action by credit rating agencies, especially after the damage they have caused to European economies and European citizens. However, the report is spineless. The regulations it proposes are cowardly and the lack of transparency surrounding credit rating agencies basically remains as before. By no stretch of the imagination has the problem been resolved of ratings by self-seeking private firms, be they American now or European in the future, which alone foster the speculation mafia. The report should promote a public, democratically-controlled agency which has nothing to do with private interests and which can play a particular role within the framework of solidarity between the States and their citizens."@en1
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