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Friday, May 18, 2012

'EU banking system is corrupt'

Published on May 18, 2012 by PressTVGlobalNews : Fitch Ratings have downgraded Greece's sovereign debt from B- to CCC, the lowest possible grade for a country that is not in default. The agency said an exit from the euro currency union is "probable" if politicians fail to form a government after the next round of elections, which is scheduled for June 17. It warned that the country's exit from the eurozone would hurt the economies of other European nations that use the currency.

Press TV has conducted an interview with Rodney Shakespeare, professor of Binary Economics, to hear his opinion on this issue.