Oireachtas Joint and Select Committees

Wednesday, 14 November 2012

Joint Oireachtas Committee on Finance, Public Expenditure and Reform

Scrutiny of EU Legislative Proposals.

3:15 pm

Photo of Ciarán LynchCiarán Lynch (Cork South Central, Labour) | Oireachtas source

There is an element of self-fulfilling prophecy to rating agencies. Countries can end up in certain circumstances after rating agencies have issued a rating because it sets the mood music. Is that part of the measurement process when it comes to independent agencies?

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