Europe and the American debt crisis


G4 debts

Ratings agency Moody's has said it may cut the US AAA debt rating, citing the "rising possibility" the US could default on its debt obligations. The agency warned the likelihood the US would fail to raise its statutory debt limit in time to avert default was low but not insignificant. Europe wants its own agency and is watching the crisis closely. Host Marco Werman talks to economist Megan Greene in London.

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