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Trichet takes a shot at the ratings agencies

By   || March 17, 2010 at 14:13 GMT
|| 3 comments || Add comment

It is not ideal to have a “global oligopoly” of three ratings agencies, Trichet says. In recent weeks there has been talk of the ECB doing its own country ratings, rather than rely on the ratings agencies…

Inflation is not the answer to solving high government debt, the central banker says. He also refused to answer a question on a country being forced out of the euro zone, calling it an absurd hypothesis.

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3 Responses to “Trichet takes a shot at the ratings agencies”

  1. Iman on March 17th, 2010 14:36 GMT

    EUR/CHF tripped stops below 1.45 and went to 1.4475 in a blink of eye!!

  2. jack on March 17th, 2010 14:38 GMT

    yes. next stop : ¿1.4300? i hope not, for all those ppl with loans in chf.

  3. jack on March 17th, 2010 14:46 GMT

    Any SNB barrer? drop back up and stopped at 1.4490.

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