As it was informed by "Market Leader (US)"
Euro Rate: Germany will Create European Rating Agency
Forex news, Euro rate. It is high time to create independent European rating agencies in order to ease the tense market situation – supposes the head of German diplomatic activity Guido Westerwelle, who started his visit to Greece on Sunday.
"The time has come for Europe to prove that it can resist credit rating agencies" is a statement made by Westerwelle to the press during a break in negotiations with his Greek colleague Stavros Dimas. “Markets hardly have time to rest, as rating agencies take their decisions and put even more pressure on the former,” he added.