January 31, 2013
Brussels, 30 January 2013
PRESS RELEASE – Tougher credit rating rules
The European Federalist Party expresses its support for the new rules on when and how credit ratings agencies may rate state debts and private firms’ financial health approved by the European Parliament on January 23rd. Yet, we believe more is needed to improve the credibility and soundness of the credit rating industry. A European Credit Rating Agency needs to be established to counteract the present biased oligopoly dominating the sector.
Media information: The two co-presidents of the European Federalist Party can be contacted at:
Pietro De Matteis: pietro.dematteis at federalistparty.eu
Yves Gernigon: yves.gernigon at lesfederalistes.eu
The European Federalist Party (EFP) is the pan-European party for a more democratic, united and solidary Europe: a Europe of the people and for the people. The EFP was founded in 2011 in Paris by citizens from all over Europe and has since developed into a cross-border movement with thousands of members and supporters and chapters in 9 EU states. The EFP was instrumental in the introduction of several key laws and reforms in the EU, including improvements to the Lisbon treaty, the European Citizens’ Initiative and the EU roaming regulation.
————————————————————————————–Author : europeanfederalistparty