Bulgarian Business Club Newspaper

Posts tagged with the keyword: ‘Jose Manuel Barroso’

Bulgaria Feels Cheated as EU ‘Punishes’ It for Its Fiscal Prowess

Bulgaria Feels Cheated as EU ‘Punishes’ It for Its Fiscal Prowess

Bulgaria, the poorest EU member state, is said to feel cheated as the EU institutions are about to seal a new policy allowing six other member states, which are struggling financially, to be able to co-fund projects with much less money. “Countries which maintain a strict financial discipline should not be punished and those that [...]

EU Institutions Lash Out at Financial Rating Agencies

EU Institutions Lash Out at Financial Rating Agencies

Following European Commission President Jose Manuel Barroso, European Central Bank President Jean-Claude Trichet has voiced sharp criticism of financial rating agencies. Thursday Trichet spoke about the existence of a “structure of international credit agencies similar to an oligopoly,” describing it as “highly undesirable.” What provoked the unusually sharp criticism was the Tuesday downgrading of Portugal‘s [...]

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