Greece’s Rating Downgrade
Moritz Kraemer, managing director for sovereign ratings at S&P and Mohamed El-Erian, chief economic adviser at Allianz SE and a Bloomberg View columnist speak on Bloomberg TV about Standard & Poor’s decision to cut Greece’s rating. According to S&P, Greece delaying payment to IMF appears to demonstrate the Greek government is prioritizing pension and other domestic spending over scheduled debt service obligations.
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Independent Strategy Says N. Korea Will Not Give Up
05:49 - David Roche, global strategist and president at Independent Strategy, discusses the rising tensions between North Korea and the U.S. and its impact on markets. He speaks on "Bloomberg Markets: Asia." (Source: Bloomberg)