German Lawmakers Call for Europe Ratings Company, Passauer Says
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Michael Fuchs, the Christian Democratic Union’s deputy leader in Germany’s parliament, and Rainer Bruederle, parliamentary leader of Germany’s Free Democratic Party, want Europe to create an independent European debt-rating company, Passauer Neue Presse reported, citing interviews.
Fuchs said the existing ratings companies appear to be “making policy” and “that is not their job,” according to the newspaper.