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Europe Daily Bulletin No. 10416

12 July 2011
Contents Publication in full By article 13 / 37
GENERAL NEWS / (ae) eu/financial markets
Barnier wants to ban credit rating of countries in receipt of international aid

Brussels, 11/07/2011 (Agence Europe) - The EU commissioner responsible for financial markets, Michel Barnier, suggested on Monday 11 July that there should be far tighter rules governing credit rating agencies and they should be banned from rating countries in receipt of international aid plans, as suggested by former French finance minster, Christine Lagarde. Europe suffered a blow last week when Moody's rating agency decided to downgrade Portugal's sovereign debt. Portugal is in receipt of...

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