- CNTV English - CCTV News

Crossover: How is Italy's downgrade linked to Greece's debt crisis?

09-21-2011 08:28 BJT

Watch Video

Play Video

Ratings agency, Standard & Poor's has downgraded Italy's sovereign debt rating, by one notch to A/A-1. Its outlook has been kept negative, but the new rating is still five steps above junk status... Full story>>

For more on the downgrade, we cross to our correspondent Richard Bestic, who is now in Athens,

1. We talk about downgrades a lot here, but putting it in perspective, this may be the most serious. Italy is by far the biggest eurozone economy to be slapped by one, and it comes just as the European debt crisis is gathering force. S&P now rates Italy's debt lower than either Moody's or Fitch, what's behind the move at this particular time?

2. How is Italy's downgrade linked to Greece's debt crisis? Will it accelerate that contagion to other eurozone countries we've been hearing so much about?

Editor:Li Wanran |Source: CNTV.CN

Hot Videos view more

The celebrations are still continuing as the victorious coach, Joachim Loew, has been honored for his achievement in his hometown of Freiburg.
Germany coach Loew honored in hometown of Freiburg

Chinese men´s national team continued its preparations for next year´s Asian Cup, as they managed a one-all draw against visitors Jordan during a football friendly in Harbin, the capital city of Northeast China´s Heilongjiang Province.
China held to 1-1 draw by Jordan

The defending world champs came into the contest with a perfect 6-and-oh record, but they would be in for a tough first half before opening things up in the second.
USA beat Slovenia 119-76 in quarter-finals

Hot Stories more

UK authorities believe killer of James Foley is a British national

Across the UK the hunt is on for James Foley’s killer, who authorities believe is a British national. As Richard Bestic reports from London, Prime Minister David Cameron cut short his summer break to lead his government’s response.

Israeli war jets renews Gaza strike as truce talks stalled

Three Palestinians were killed and 40 others wounded in the intensive Israeli war jets´ airstrikes on the Gaza city on Tuesday night, shortly before an end of a 24-hour ceasefire in the Gaza Strip,

Missouri police arrest dozens after violent night

As the protests in the town of Ferguson, Missouri turned violent with police facing ´heavy gunfire´ from some ´criminal elements´, cops fired tear gas, stun grenades and arrested 31 demonstrators on Monday night.

Picture in news more

More Video News

Choose TV Program