Friday, 21 October 2011

In Passing

Because shooting the messenger *always* works...

The Wall Street Journal:

The European Commission is leaning toward proposing a ban on the issuing of sovereign-credit ratings for countries in bailout talks...

Should the Commission, the executive arm of the European Union, come to view these sovereign ratings as inappropriate, "we could ban it or suspend the rating for the necessary time frame,” [European internal market commissioner Michel Barnier] said...

Mr. Barnier had indicated previously that he liked [the] idea- originally proposed by International Monetary Fund chief Christine Lagarde when she was France’s finance minister...
I’d say that if you’ve been waiting on a signal to pull your money out of Europe, now you’ve got one.

Elsewhere (added 111026 15:40):

Posted by: Old Grouch in In Passing at 19:10:50 GMT | No Comments | Add Comment
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