EU moves towards partial gag on ratings agencies

I see a common theme here. Muslims all over the Western world work three shifts to try and undermine common law and Western liberal democracy and the reaction of the various governments is to make sure the media cannot talk about it or expose it except in circumstances where the establishment risks losing all public confidence by not stating the utterly obvious in the media. Now, European governments think they can stop or at least alleviate serious financial problems by not allowing people to know about them. It boggles the mind to think that those in control of the levers rely on such puerile and totalitarian solutions.


(BRUSSELS) – Brussels on Monday urged a clampdown on the world’s ratings agencies, including a ban on ratings for countries covered by international rescue packages, and possible legal action.

Internal Markets Commissioner Michel Barnier said in a speech delivered in Paris but released in Brussels that he would ask Poland, which currently holds the rotating European Union presidency, to put action on ratings agencies to ministers soon.

“We must first and foremost be more demanding on ratings of sovereign debts,” he said. “We see ecah day the effects on the countries concerned: a hike in the cost of credit, weakened states, possible contagion to other economies.”

Arriving in Brussels for eurozone talks, German Finance Minister Wolfgang Schauble said that verification was needed “to check if there is abusive behaviour” by the agencies.

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About Eeyore

Canadian artist and counter-jihad and freedom of speech activist as well as devout Schrödinger's catholic

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