EU Commission: rating affects economies

11/7/2011 00:00:00

The European Commission will propose to the plenary meeting of the finance ministers of Eurogroup to ban the rating agencies to provide assessments on European countries subject to international aid. Promoter of the proposal is the EU Internal Market Commissioner Michel Barnier, who argues that "one of the weaknesses of financial systems is that they depend too much on credit rating agencies."

Download the interview to Michel Barnier