ECB pressed to do sovereign ratings itself

Posted by 7Star Thursday, March 4, 2010

European Union finance ministers are pushing the European Central Bank to develop its own rating system for eurozone countries, German business daily Handelsblatt reported on Wednesday, citing EU finance ministry sources. The paper quoted one official saying the plan would free the eurozone from its dependency on international rating agencies such as Standard & Poors, Moody's and Fitch.

0 comments

Post a Comment

Labels

Followers

Archive

BlogCatalog