NPR Story
7:00 am
Sat January 14, 2012

European Credit Downgraded: What's Next?

Late Friday the U.S. credit rating agency Standard & Poors downgraded nine European countries. S&P suggested Europe's single-minded focus on austerity to solve its sovereign debt problem is just not working. Host Scott Simon speaks with NPR's John Ydstie about the downgrades.