Barroso Faults Timing, Size of Moody’s Downgrade of Portugal
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European Commission President Jose Barroso comments on the decision by Moody’s Investors Service to cut Portugal’s credit rating to junk and on plans in Europe for more regulation of credit-rating companies.
Barroso, a native of Portugal, spoke to reporters today in Strasbourg, France. The commission is the 27-nation European Union’s executive arm.