Photo Gallery: In Thrall to the Big Three
Foto: MIKE SEGAR/ REUTERS
Fotostrecke

Photo Gallery: In Thrall to the Big Three

Fear of the Executioners The Sinister Power of the Rating Agencies

As the debt crisis worsens, governments fear the rating agencies, which have the power of life and death over whole economies. The Big Three helped to cause the 2008 financial crisis and are now accused of worsening the euro zone's woes. But a look behind the scenes shows that there are few alternatives to the mighty agencies.
Translated from the German by Paul Cohen