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The fate of Greece and Portugal in the hands of rating agencies

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The fate of Greece and Portugal in the hands of rating agencies

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In this week’s edition of Business Weekly, we focus on the latest decisions of Standard & Poor’s and Moody’s regarding Greece and Portugal. These moves, heavily criticised by euro zone governments and the European Commission, demonstrated once again the power of the international rating agencies.

As a result, the rescue strategy for Greece seems to be in doubt and Portugal moved closer to the brink of bankruptcy. Host Stefan Grobe talks about the situation with Valentijn van Nieuwenhuizen of ING Investment Management.

Also on the programme: How to fight the global crisis in a shopping mall.