However, worried by this increase in debt the agencies are now downgrading countries and their bonds (the lower the rating, the higher interest rate and the higher debt burden), forcing the taxpayer to pay even more; governments respond with slashing spending on e.g. social services to placate "the markets"
V.Klincs atgādina, ka šovasar darbu uzsāks jaunā Eiropas vērtspapīru un tirgu uzraudzības iestāde, kuras pienākumos būs kredītvērtējuma aģentūru uzraudzība.