Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-12-15-Speech-3-335"

Predicate	Value (sorted: default)
rdf:type	lpv_eu:Speech2
dcterms:Date	"2010-12-15"^^xsd:date2
dcterms:Is Part Of	lp_eu:Explanations of vote2
dcterms:Language	"fr"^^xsd:language2
lpv:document identification number	"en.20101215.23.3-335"2
lpv:hasSubsequent	lp_eu:2010-12-15-Speech-3-3362
lpv:speaker	lp:Bruno Gollnisch2
lpv:spokenAs	unknown; Front national (2009-07-14--2014-06-30)3 member; NA (2009-07-14--2014-06-30)3 substitute; BUDG (2009-07-16--2012-01-18)3 member; Delegation for relations with Japan (2009-09-16--2014-06-30)3 member; TRAN (2009-07-16--2012-01-18)3
lpv:translated text	"Mr President, ladies and gentlemen, the activity of credit rating agencies is, in theory, already supervised and regulated at European level. But has this called into question the domination of the three American agencies which call all the shots on the European markets, sovereign debt and hence the rates at which European States can borrow? I am afraid not. This did not stop Standard & Poor, again quite recently, from threatening to downgrade Belgium’s rating, nor Moody's from threatening Spain nor Fitch Ireland. None of these agencies has been penalised, neither by their customers nor by their reputation being tarnished, for not having done their work properly during the Enron or subprime crises. They are now claiming to have a political role: the threat against Belgium is an attempt to force the constitution of a government; the absence of threat against France to artificially prevent the fragmentation of the euro area. The truth is that they only have power because the markets are not regulated, and your texts, which I have however voted for, will not do much to improve things."@en1

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