Dr. Klaus L.E. Kaiser
The bureaucrats of the European Parliament have proposed a new law that would allow them to forbid Credit Rating Agencies (CRAs) from publishing assessments of their countries’ credit ratings [1]. The lawmakers are upset about recent rating downgrades of European states by major CRAs.
It’s comparable to prohibiting free speech to avoid the message you might hear.
Whether this proposal will become law or not is still unknown, but one thing is for certain: It would not be to Europe’s long-term benefit.
The world thrives on commerce and trade. For that to work smoothly, companies and individuals need to be able to assess financial risks to their enterprises. Such risks can be substantial, and can be subject to frequent revisions, due to changing circumstances.
Read more: http://www.canadafreepress.com/index.php/article/44942
The bureaucrats of the European Parliament have proposed a new law that would allow them to forbid Credit Rating Agencies (CRAs) from publishing assessments of their countries’ credit ratings [1]. The lawmakers are upset about recent rating downgrades of European states by major CRAs.
It’s comparable to prohibiting free speech to avoid the message you might hear.
Whether this proposal will become law or not is still unknown, but one thing is for certain: It would not be to Europe’s long-term benefit.
The world thrives on commerce and trade. For that to work smoothly, companies and individuals need to be able to assess financial risks to their enterprises. Such risks can be substantial, and can be subject to frequent revisions, due to changing circumstances.
Read more: http://www.canadafreepress.com/index.php/article/44942
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