Wednesday, July 6, 2011

Greece blasts 'madness' of ratings agencies
















Greek Foreign Minister Stavros Lambridinis attacked on Wednesday what he termed the "madness" of ratings agencies in the European debt crisis, saying they exacerbated an already difficult situation.



He told a conference in Berlin that the decision by Moodys agency late on Tuesday to downgrade Portuguese debt to speculative status was not based on any failure to implement economic reforms.

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AFP