Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-06-08-Speech-3-308-500"

Predicate	Value (sorted: default)
rdf:type	lpv_eu:Speech2
dcterms:Date	"2011-06-08"^^xsd:date2
dcterms:Is Part Of	lp_eu:Explanations of vote2
dcterms:Language	"el"^^xsd:language2
lpv:document identification number	"en.20110608.20.3-308-500"2
lpv:hasSubsequent	lp_eu:2011-06-08-Speech-3-309-0002
lpv:speaker	lp:Nikolaos Salavrakos2
lpv:spokenAs	unknown; Popular Orthodox Rally - G. Karatzaferis (2009-10-14--2014-06-30)3 member; AFET (2009-10-21--2012-01-18)3 vice-chair; Delegation to the EU-Former Yugoslav Republic of Macedonia Joint Parliamentary Committee (2009-11-25--2014-06-30)3 substitute; PECH (2009-10-21--2012-01-18)3 member; PETI (2009-10-21--2012-01-18)3 member; EFD (2009-10-14--2014-06-30)3
lpv:translated text	"I voted in favour of the Klinz report because I consider that the measures that it proposes to address the problems that exist in the credit rating service sector are a move in the right direction. These services have a massive impact and the results of their activities may be catastrophic for the states and organisations which they rate, as we saw very clearly in the recent financial crisis. Clear operating rules need to be laid down for these services, the rating procedures they use need to be disclosed and they need to take responsibility. The states and all manner of services and organisations which they rate cannot be left at the mercy of their decisions. The three principal rating agencies rate 95% of economic activities; we are therefore talking about a monopoly, with all the adverse repercussions that can have. We are calling for transparency, restrictions on illegal activities, assumption of responsibility, evaluation of these agencies by independent bodies that will guarantee their impartiality and strict application of the rules."@en1

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