13. We agree that reliance on external credits ratings in the EU regulatory framework should be reduced, and look forward to the Commission proposals in this respect.Oh, yes, I'm sure we all look forward to those.
And we little taxpayer and wealth-creator people down here on what we call Planet Earth are all chuffed to bits that, up there on Planet Eurocuckoo, the continent's political elite, with their big projects, big egos, big salaries, big cars and, let us not forget, big courthouses, big prisons and big guns with which to compel us to do their will*, have agreed among themselves to snap their fingers insouciantly at what those who earn their living in the shark-infested waters of international finance, and who know from experience the pain suffered by a Fotherington-Thomas (euphemism) who fails to distinguish between an arse and an elbow, call 'fucking reality'. It's a technical term.
* Some mistake, surely?
Politically controlled credit reference agencies eh? What could possibly go wrong there eh?
ReplyDeleteJeezz these people are stupid.
Shoot the messenger.
ReplyDelete'Twas ever thus.