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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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Rafael Mangual
Project Manager,
Legal Policy
rmangual@manhattan-institute.org

Katherine Lazarski
Manhattan Institute
klazarski@manhattan-institute.org

 

Published by the Manhattan Institute

The Manhattan Insitute's Center for Legal Policy.