About: sovereign debt

Euro & Finance 07-12-2011

Pittella: Sovereign rating up to ECB or Court of Auditors

Just after Standard & Poor’s warned it would downgrade 15 of the 17 eurozone countries if EU leaders didn't strike a deal to save the euro at a summit on Friday, vice president of the European Parliament Gianni Pittella (S&D) called to strip rating agencies of their sovereign rating power, announcing changes to the Commission proposal on rating, which has just landed in the Parliament.

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