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Posts Tagged ‘CRAs’

EU parliament hits out at ‘immoral’ credit ratings agencies

Posted by seumasach on June 16, 2010

Brian Johnson

The Parliament

16th June, 2010

Parliament’s Socialist group leader Martin Schulz has called on EU leaders to ensure they take action to curb the power of credit ratings agencies (CRAs).

Schulz’s call comes ahead of Thursday’s summit, when EU leaders will meet in Brussels for crunch economic recovery talks, and amid growing anger at the role and influence of CRAs.

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