Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-11-30-Speech-3-243-000"
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"en.20111130.19.3-243-000"2
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"Mr President, with my speech I intend to call attention to the detrimental activities of credit rating agencies and the irresponsible statements made by some Commissioners. Credit rating agencies form their opinions, that is, apply downgrades, on the basis of short-term interests and according to market moods, without any scientific methodology. Credit rating agencies evaluate aspects of moods based on market interests and prospects, meaning that they are not reliable as regards the responses of the business environment, and can at the same time cause billions worth of damage. The question is why a European credit agency has not been created yet.
We are engaged in an extraordinary fight for the protection and in the interest of the euro. This is why I do not exactly understand whose interests some Commissioners, or even the Vice-President, bear in mind when in their irresponsible statements they highlight individual countries and put their economic policies in a reproachful, negative context."@en1
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