Polish Deputy Prime Minister Waldemar Pawlak called for establishment of a European credit rating agency at the plenary session of the European Economic and Social Committee on 14 July.
Pawlak emphasised the need for a „transparent, accountable and responsible” European rating agency, capable of dealing with challenges of the current sovereign debt crisis. He continued by presenting the priorities of Polish Presidency of the European Council: a sustainable, open, safer and better-integrated Europe.
Pawlak underlined the intention of the Polish Presidency to pursue further integration process, especially regarding Croatia’s accession and cooperation with neighbouring countries, while aiming to enhance openness both within the EU and towards other countries. European Parliament President Jerzy Buzek underlined in his speech the necessity of solidarity and fundamental importance of improving European economic governance. He added that in the context of the ongoing debt crisis, the Stability and Growth Pact should be reinforced by automatic sanctions against countries in breach of deficit and debt caps.
Pawlak’s statement comes after days of discontent throughout Europe with actions of the ‘big-three’ credit rating agencies, especially Moody’s, which downgraded two Eurozone member countries’ – Irish and Portuguese – credit ratings to junk despite them both being beneficiaries of the international bailout programmes.
Read more: Polish EU Presidency calls for a European rating agency – New Europe http://www.neurope.eu/articles/107685.php#ixzz1SC4701pi
sursa: New Europe
Radu Zlati 
Comentarii recente