ASSESSMENTS
EU, U.S.: The European Credit Rating Agency Challenge
Jun 3, 2010 | 09:55 GMT
Matias Nieto/Cover/Getty Images
Summary
The European Commission has announced plans to create an EU body that will supervise credit rating agencies. The move comes amid European anger toward U.S.-based credit rating agencies as the Continent still reels from economic crisis. The European bid will struggle to overcome the powers of geopolitics, however, that have made the United States more amenable than Europe to the pooling of capital.
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