Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-06-15-Speech-2-466"

Predicate	Value (sorted: default)
rdf:type	lpv_eu:Speech2
dcterms:Date	"2010-06-15"^^xsd:date2
dcterms:Is Part Of	lp_eu:Credit rating agencies (debate)2
dcterms:Language	"ro"^^xsd:language2
lpv:document identification number	"en.20100615.28.2-466"2
lpv:hasSubsequent	lp_eu:2010-06-15-Speech-2-4672
lpv:speaker	lp:Elena Băsescu2
lpv:spokenAs	member; EPP (2009-07-14--2014-06-30)3 unknown; Partidul Democrat-Liberal (2009-07-14--2014-06-30)3 member; Delegation for relations with Israel (2009-09-16--2014-06-30)3 substitute; ECON (2010-05-12--2012-01-18)3 substitute; Delegation to the EU-Moldova Parliamentary Cooperation Committee (2010-01-20--2014-06-30)3 substitute; Delegation for relations with the United States (2009-09-16--2012-02-12)3 member; PETI (2009-10-07--2012-01-18)3 substitute; AFET (2009-07-16--2012-01-18)3
lpv:translated text	"Against the backdrop of the current crisis, the activities of credit rating agencies are being subject to ever-mounting criticism due to the fact that they have failed to be objective in evaluating the level of credit risk for companies and even states. These agencies did not provide any early evaluations indicating the risk of a crisis, but have actually downgraded the rating for several European states, thereby exacerbating the crisis. The major problem is the lack of competition on the credit rating services market because it is controlled by just three US companies. In this regard, I support the proposal from President Barroso to set up a European Credit Rating Agency. As you are all aware, one of the three agencies changed Germany’s credit rating last week on the back of an unacceptable error. I wish to end by saying that the European Union must ensure that the activities of credit rating agencies will be better regulated in future."@en1
lpv:videoURI	<go to Events_and_structure europarl>2

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