EU Targets Rating Agencies

Credit-Rating Companies in EU to Face Sovereign-Debt Curbs - Bloomberg

Tyrannical much?

Seems the EU governments is now going after the messenger rather than looking in the mirror to see where the problem really lies...



I think the only people that should have the right to sue are the investors suing the rating agencies for not downgrading the clearly junk investments of many EU government bonds sooner.

Of course what the EU hasn't thought through is that fact that if you handcuff the rating agencies, everyone will be forced to ignore their advice because they know it's been corrupted which will mean that unless independent investors and institutions do their own analysis of each government's credit worthiness (which many won't be able to financially justify) they will be forced to accept that they are uncertain about their creditworthiness and given the inherent risks and uncertainties that rating agencies help to cost effectively alleviate more investors are now likely to NOT invest in EU government bonds, which is the exact opposite of what these bureaucrats are trying to achieve...

Looks like more poverty ahead for the EU if this is their governments' "solution" to the problem...