Thomas Mayer Quotes
The pact has the flaw that the accused are their own judges, so they really like the defendants. The ECB is here meting out the task of dispensing justice to the private ratings agencies. 
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Pact | Flaw | Accused | Judges | Defendants |
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The hawks got their increase of 25 basis points, and the doves got an agreement not to map out a series of increases. It is an uncomfortable situation for the bank because the hawks will keep coming back.
- Thomas Mayer
