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Thu 05 May 2010Merkel seeks EU ratings agency
German chancellor Angela Merkel said she would welcome the creation of a European rating agency as a "competitor" to US-based rating agencies.
In an address at a Berlin conference on financial rules one day after enacting a unilateral ban on some naked short-selling, Dr Merkel reached out to financial markets ahead of tomorrow's vote on Germany's share of a $1 trillion euro bailout, saying she needed "honest" advice as she pressed for tougher global regulation.
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