"The whole aim of practical politics is to keep the populace alarmed (and hence clamorous to be led to safety) by menacing it with an endless series of hobgoblins, all of them imaginary." ~ H.L. Mencken
The Solution to the Euro Crisis? A European Credit Rating Agency!
"How do you suppose MEPs plan to get out of Europe's economic mess? By acknowledging that the single currency was a rotten idea to begin with? By allowing stricken economies to default, decouple and devalue? Nope. They plan to regulate, or even censor, American credit rating agencies; and, at the same time, to create a European one in their place."
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