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Germany, and Angela Merkel in particular, seem to be attracting considerable criticism for not being willing to take sufficient steps to resolve the Eurozone crisis. How much of this criticism is justified and how much is wide off the mark? More importantly exactly what measures need to be taken; by whom, and over...
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“The current reforms that are underway, both in the US and in the EU – despite the conflicting approaches – are at least indicative of a consensus on the need for reform of the CRAs. There are weaknesses in both approaches, but it is difficult to see how the US/UK approach is going...
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It is now obvious that the current system does not work properly. There need to be changes made to the regulatory regime applying to credit rating agencies in their role of providers of private issuance and credit-worthiness ratings. Their current role of providing ratings, purportedly of the credit-worthiness, of national governments (i.e. rating...
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Some Notes & Comments