We have updated our Terms of Use.
Please read our new Privacy Statement before continuing.

Abdication of responsibility

7 July 2011 By Hugo Dixon

Euro zone luminaries have attacked Moody’s for downgrading Portugal to junk. But Europe has wasted many chances to dethrone the agencies and instead chooses to fetishise them. The ECB in its current approach to Greece is a stark example.

This content is for Subscribers only


Email a friend

Please complete the form below.

Required fields *


(Separate multiple email addresses with commas)