Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-06-15-Speech-2-467"
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"en.20100615.28.2-467"2
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"Mr President, Commissioner, I have been listening very carefully to this afternoon’s debate on rating agencies, and I am definitely no supporter of rating agencies, nor am I their advocate.
On the other hand, I have no concerns whatsoever about some form of monopoly or oligopoly emerging among rating agencies. I have not heard a single speech here talking about how it could be possible that certain States where these enormous debts were incurred got into such a financial mess that there was no way out. I think it would be a very good thing to consider a system of state intervention in the running of the free market. Perhaps if we were to develop our ideas further in that direction, we would have fewer concerns over rating agencies."@en1
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