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.
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.
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