Austria’s Nowotny: power of rating agencies unacceptable


Ewald Nowotny, the governor of the National Bank of Austria, on Tuesday attacked the power of the main rating agencies in determining nations' economic fates.

Reuters, a news agency, quoted Nowotny, a member of the governing council at the European Central Bank (ECB), as saying in a panel discussion on Tuesday evening: "The fate of Greece, and if you are going to be more dramatic, the fate of Europe, depends on the judgement of one rating agency. That is an unacceptable situation."

Greece's long

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: