It's time we stood up to these ratings agencies
Published 14/07/2011 | 05:00
Is it just me who believes this country's financial future along with that of its European partners is being manipulated by those faceless people in ratings agencies such as Moody's and Standard & Poor's?
With the new reporting procedures insisted on by the EU, are not all countries within the EU subject to review regarding their budget and spending strategy, thereby making it common knowledge what state their finances are in?
It is high time the EU stood up to these speculators who in the past have given AAA ratings to some organisations shortly before those same organisations reported millions of euro in losses.