How Governments Solve Problems
This is hilarious, all the more so because the actors involved have absolutely no self-awareness of just how bad this looks
This week alone has seen a ratings downgrade for Spain as well as a threat by agencies to review France's AAA status -- and the markets have taken notice. Once again, it would seem, ratings agencies are making things difficult for European countries.
Now, the European Union is considering doing something about it.
European Internal Market Commissioner Michel Barnier is considering a move to ban the agencies from publishing outlook reports on EU countries entangled in a crisis, according to a report in Thursday's issue of the Financial Times Deutschlandnewspaper
This is not even a content neutral ban on speech - it obviously will only be applied to bad reports, not positive ones. No wonder Obama has always been so admiring of the Europeans.
