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Moody’s Warns EU
Politics ♦
Published: March 27, 2013; 14:51 ♦ (Vindobona)
The rating agency warns the EU governments about over-estimating the ability to overcome the Euro-crisis.
Moody’s Warns EU / Picture: © Moody's Investors Service, Inc. - Annual Report 2013
Moody’s sees a risk of hubris in the EU’s regarding to be able to defeat the financial crisis. Even after the rather inept performance to find a solution for the banking crisis in Cyprus, the politicians are obviously convinced to be able and avoid the crisis from spreading to other countries, Bart Oosterveld, managing director of sovereign risk at Moody’s, told news agengy…
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