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Luxembourg still believes in rating agencies like kids believe in Father Christmas

Luc Frieden's answer on a recent parliamentary question relating to an article about the BCEE and Lehman Brothers is very worrying: He answers only one third of the question: insinuations with regard to Lehman. Nothing about the exposure as regards doubtful debts and nothing about the publication of the situation of the BCEE.

Above all Luc Frieden's answer is based on work of the credit rating agencies, which evaluated the BCEE positively.

Who give today any credit to rating agencies?

That is not to reassure on Luxembourg.

Read parliamentary question and answer

16:00 Posted in Luxembourg | Permalink | Comments (0)

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