'The big three credit ratings agencies were threatened yesterday with fines and the creation of a new state-backed competitor, only weeks after European leaders attacked them for exacerbating Greece’s problems with downgrades.Is there any area of life that Eurocrats don't think they could run better than private companies or individuals? The EU is heading closer and closer to a SuperState in the mould of the old USSR.
The agencies will be subject to a new European supervisory body with the power to hand out fines and suspensions under plans unveiled in Brussels.
Work on a rival centralised European credit agency is also being carried out by the European Commission, José Manuel Barroso, its President, said.'
I am not a sheep, I have my own mind
I have had enough of being told what and how to think
Whilst we are still allowed the remnants of free speech,
I will speak out.
I also reserve the right to discuss less controversial matters should I feel the urge.
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Thursday 3 June 2010
A fine example of shooting (or replacing) the messenger
The Times reports that:
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