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the following Orwellian clause indicates how European policymakers feel about rating agencies these

Ref Recent bank stress tests conducted by the EU concluded that only Eur 2.5 billion of capital needs to be raised (70 to 80 billion sounds more reasonable to us). And in the package announced last week Release House Oversight Committee — Epstein Estate Records (Nov 2025) 1 pages

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the following Orwellian clause indicates how European policymakers feel about rating agencies these days:

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