EU Accuses Markets With Irresponsibility in the Bloc’s Sovereign Debt Crisis

EU authorities accused financial markets on Wednesday of threatening Europe’s democratic institutions with irresponsible behaviour in the eurozone’s sovereign debt crisis and vowed to impose tough regulations to protect the area from attack. José Manuel Barroso, European Commission president, said he would propose to place credit ratings agencies under the direct supervision of a new European securities markets authority – FT

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