Local view for "http://purl.org/linkedpolitics/eu/plenary/2013-01-16-Speech-3-190-521"

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"en.20130116.28.3-190-521"2
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"As a result of today’s vote rules on sovereign debt ratings assigned by credit rating agencies will be tightened up to help prevent any repeat in the future of some of the disastrous consequences ratings have had for certain states. This is one of the key measures of the compromise endorsed by an overwhelming majority of the European Parliament. The reform, on which an agreement had already been struck with the Council, also entails measures to address conflicts of interest, to boost competition in the sector and reduce over-reliance on ratings. I am pleased we managed to get this very important text approved after fighting an uphill battle. The negotiations with the Council that led to the compromise reached on 27 November 2012 were particularly difficult. Some of us would have liked something with more teeth, with more impact. I regret the Council’s conservatism."@en1
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