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Europe Daily Bulletin No. 10478

21 October 2011
GENERAL NEWS / (ae) eu/finance
Potential ban on rating of countries in receipt of aid programmes

Brussels, 20/10/2011 (Agence Europe) - On Thursday 20 October, EU Internal Market Commissioner Michel Barnier pointed out that his department is examinng whether to ban the credit rating of countries in receipt of a structural adjustment programme, as is currently the case for Greece, Ireland and Portugal. He said his department was examining whether it would be legitimate to deal with such countries in a different manner, accusing rating agencies of not having seen the 2008 financial crisis...

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