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Last Updated: Thursday, 30 August 2007 Merkel censures ratings agencies http://news.bbc.co.uk/2/hi/business/6970302.stm Proper analysis of corporate risks was essential, Ms Merkel said German Chancellor Angela Merkel has criticised credit ratings agencies for not spotting companies with problems amid the current market instability. German banks have been the worst hit in Europe so far by the problems linked to the US sub-prime mortgage crisis. http://news.bbc.co.uk/2/hi/business/6970302.stm
