Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-11-14-Speech-1-117-000"

Predicate	Value (sorted: default)
rdf:type	lpv_eu:Speech2
dcterms:Date	"2011-11-14"^^xsd:date2
dcterms:Is Part Of	lp_eu:One-minute speeches (Rule 150)2
dcterms:Language	"en"^^xsd:language2
lpv:document identification number	"en.20111114.18.1-117-000"2
lpv:hasSubsequent	lp_eu:2011-11-14-Speech-1-118-0002
lpv:speaker	lp:Derek Vaughan2
lpv:spoken text	"Mr President, I wish to speak on the role of credit rating agencies. These unaccountable agencies have much to answer for in the current crisis. Every time they decide to downgrade a Member State’s rating, it makes borrowing more expensive, this in turn making the debt crisis worse and calls for austerity measures even louder. And they even make mistakes, as they recently did in France when they mistakenly downgraded that country’s rating. This could, of course, have had serious consequences. I am therefore pleased that the Commission is now looking at new rules for these agencies. I hope this look includes the greater regulation of existing agencies and even perhaps involves establishing a new independent agency – one which will be trusted and listened to."@en1
lpv:spokenAs	member; S&D (2009-07-14--2014-06-30)3 substitute; CONT (2009-07-16--2012-01-18)3 member; BUDG (2009-12-14--2012-01-18)3 substitute; Delegation for relations with Japan (2009-09-16--2014-06-30)3 member; Delegation for relations with the People's Republic of China (2009-09-16--2012-04-16)3 unknown; Labour Party (2009-07-14--2014-06-30)3 substitute; REGI (2010-09-20--2012-01-18)3
lpv:unclassifiedMetadata	"Derek Vaughan (S&D )."1
lpv:videoURI	<go to Events_and_structure europarl>2

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