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EU rating, Rehn attacks Standard & Poor's

The European head of economic affairs against the downgrade of Standard & Poor's: "We do not agree on the questioning of the budgetary obligations of the member states" - "All the states have always done their duty".

EU rating, Rehn attacks Standard & Poor's

Olli Rehn lashes out at Standard & Poor's. The European head of economic affairs has not digested the rating agency's decision to remove the triple A from the EU, and attacks: "The European Commission does not agree with Standard & Poor's on the fact that the obligations of the member states on the budget in a stress scenario are called into question: all states have always, even during the financial crisis, provided their expected contributions to the budget in full and on time".

The new long-term assessment on the European Union is AA+, with a positive outlook.

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