Local view for "http://purl.org/linkedpolitics/eu/plenary/2013-01-16-Speech-3-189-000"

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"en.20130116.28.3-189-000"2
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"Mr President, it is hard to improve on what my colleague Martin Callanan said on this issue, that seeking to address the debt crisis by regulating the credit rating agencies is like seeking to improve the weather by regulating the weather forecasters. You do not improve the underlying problem by tackling the way it is reported. But what particularly strikes me today is the timing of this report, because, if I heard him correctly, the President of the Commission yesterday assured us that the debt crisis was over, the existential threat, as he put it, to the euro has been lifted and we could all look forward to a period of prolonged growth. The President of the Council said the same thing. One after another the leaders of the various groups chorused their agreement. So what are we worried about? Why are we regulating the credit rating agencies if the crisis is past? Could it be that we are less sure privately than we are letting on in public? Could it be that we still suspect that the underlying debt crisis is in place and untackled? Yes, I think the existential crisis of the euro has past. That is Europe’s tragedy: that the euro, far from breaking apart, will remain in place, condemning its people to poverty, immiseration and emigration."@en1
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