Read more at: http://www.bloomberg.com/news/2011-06-08/ecb-s-rulebook-puts-ireland-in-same-risk-category-as-germany.html
Wednesday, June 8, 2011
ECB's Rulebook Puts Ireland in Same Risk Category as Germany
“It is very, very strange that Ireland and Germany belong to the same risk group in the ECB's collateral framework,†said Carsten Brzeski, senior economist at ING Group in Brussels. “Why can such a small rating agency tip the scale? ...
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