Baku - APA-Economics. German foreign minister Guido Westerwelle, on a visit to Greece, said Sunday it is now time for Europe to create independent credit ratings agencies and calm down markets jittery from constant speculation, Washingtonpost reported.
“It is time for Europe to prove capable of facing up to the credit ratings agencies,†Westerwelle told reporters during a break from talks with his Greek counterpart, Stavros Dimas. “The markets are barely given time to breathe,†before the ratings agencies’ decisions plunge them back into uncertainty, he added.
Ratings agency Standard & Poor’s dealt a setback Friday to Europe’s ability to fight off a worsening debt crisis by downgrading the government debt of France, Italy, Spain and Austria. But it kept Germany’s at the coveted AAA level.
S&P had downgraded 16 European countries.
Germany’s Westerwelle calls for European ratings agencies
16 January 2012 08:59 (UTC +04:00)
İDMAN XƏBƏR
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