The banking sector is in the spotlight in this edition of Business Weekly. A growing number of European banks is threatened with downgrading by rating agencies; banks are in danger of losing massive amounts of money because of their exposure to Greece and, on top of that, their share prices are being hammered.
EU Commission president Barroso has come up with a plan to save the sector and possibly the euro zone. Host Stefan Grobe talks about all these issues with Howard Wheeldon, Senior Strategist at BGC Partners in London.
Also in the programme: rising unemployment and poverty in the United Kingdom.