`Bottoming' in European Deterioration Seen in 2013
Nov. 22 (Bloomberg) -- Virginie Maisonneuve, head of global and international equities at Schroder Investment Management Ltd., talks about her investment strategy and the outlook for the global economy. She speaks with Francine Lacqua on Bloomberg Television's "On the Move." (Source: Bloomberg)
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17:50 - Portugal’s debt would no longer be eligible for purchase under the European Central Bank’s quantitative-easing program if the country’s credit rating is downgraded on Friday, President Mario Draghi said. A decision by Canadian rating company DBRS Ltd. to take away the country’s only investment-grade rating would disqualify Portuguese sovereign bonds from asset purchases and use as collateral in refinancing operations, Draghi said at a press conference in Frankfurt following the Governing Council’s monetary-policy meeting. A rating review is due on Oct. 21. M&G Investments Chief Executive Officer Anne Richards discusses Portugal's rating review and the outlook for the European economy with Francine Lacqua on "Bloomberg Surveillance."