EU discusses regulatory response to crisis

EU finance ministers met in Luxembourg on Tuesday to consider a regulatory response to the financial crisis.

According to a document leaked to Reuters and Bloomberg on Monday, finance ministers from the 27 EU member states are planning to discuss rules to improve transparency and to better regulate ratings agencies.

The leaked document sets out a framework for today's talks. It revealed that finance ministers will consider whether to ask for more disclosure of debt-default risks and to revise

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