Jose Manuel Barroso, the European Commission president, questioned Moody\’s motives and said it had fanned the flames of \”speculation\” with an unwarranted downgrade. \”It seems strange there is not a single rating agency coming from Europe. It shows there may be some bias in the markets when it comes to the evaluation of the specific issues of Europe,\” he said, seemingly unaware that Fitch Ratings is French-owned.
Euro-asts never let facts get in the way of their preconceptions.
Best close down all those pesky audit firms at the same time, giving their bloody opinions all over the place.