Greek FM attacks ratings agencies

Greek Foreign Minister Stavros Lambridinis attacked the “madness” of ratings agencies in the European debt crisis on Wednesday, saying they exacerbated an already difficult situation. He told a conference in Berlin that the decision by Moodys agency late on Tuesday to downgrade Portuguese debt to speculative status was not based on any failure to implement economic reforms.

Read more..

Enhanced by Zemanta
Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s