Juncker Urges More Efforts to Create European Rating Agency
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Luxembourg’s Prime Minister Jean-Claude Juncker said that European governments need to step up their efforts to create a credit-rating company for Europe to circumvent the “disastrous” influence of the existing firms.
A European rating company would be more in tune with reform programs undertaken by governments in the region and so provide more accurate assessments of creditworthiness, said Juncker, who chairs the group of euro-area finance ministers.