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.

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)
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