Sovereign debt in Europe is a growing concern among investors everywhere, especially after Standard & Poor’s downgraded the debt of Greece and Portugal.
The Dow lost 213 points yesterday , its worst one-day drop in nearly three months, on fears that the crisis could impact the global recovery.
One of the key players in trying to work out a solution is Germany, and I spoke with Axel Weber, President of Germany’s central bank, the Deutsche Bundesbank.
He is also thought be a likely candidate to succeed Jean-Claude Trichet as head of the European Central Bank.
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