LabourList | 5% EU budget hike? Not as simple as Cameron would like you to believe
“Earlier this week, European Commissioner for the Internal Market Michel Barnier prompted stinging headlines in UK broadsheets for his comments about agencies such as Moody’s that have downgraded their ratings on Irish, Portuguese and Greek sovereign debt. “EU attacked for plan to gag rating agencies” screamed the Indy, while The Guardian led with “EU declares war on agencies as Ireland’s rating gets junk status”.”