Eurozone threatens ratings agencies with break-up
Your support helps us to tell the story
From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.
At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.
The Independent is trusted by Americans across the entire political spectrum. And unlike many other quality news outlets, we choose not to lock Americans out of our reporting and analysis with paywalls. We believe quality journalism should be available to everyone, paid for by those who can afford it.
Your support makes all the difference.The leading credit ratings agencies were threatened with tighter regulation and possible break-up yesterday by some of Europe's most powerful politicians.
The German finance minister, Wolfgang Schäuble, said he could see no justification for Moody's recent downgrade of Portugal's debt and believed that limits should be put on the rating agencies' "oligopoly"; the scene has been dominated for decades by the big three: Moody's, Standard and Poor's and Fitch. Jose Manuel Barroso, the president of the European Commission, claimed Moody's downgrade of Portugal added to speculation in the markets and suggested an anti-Europe bias.
Join our commenting forum
Join thought-provoking conversations, follow other Independent readers and see their replies
Comments