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Proposed Eurozone solution: sue the ratings agencies



So says Spiegel, via Glenn Reynolds on Facebook. It's far from clear to me why making accurate information about nations' creditworthiness harder to get will increase financial stability. Someone seems not to have heard of the concept of the adverse inference.

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Isaac Gorodetski
Project Manager,
Center for Legal Policy at the
Manhattan Institute
igorodetski@manhattan-institute.org

Katherine Lazarski
Press Officer,
Manhattan Institute
klazarski@manhattan-institute.org

 

Published by the Manhattan Institute

The Manhattan Insitute's Center for Legal Policy.