Business Bites: Eurozone credit ratings revised
The ongoing debt crisis has seen the international ratings agency, Moody's, lower the credit rating of Italy, Spain, and Portugal. The agency also downgraded Slovakia, Slovenia and Malta.
It revised its view of the UK, putting it on a negative outlook which means there is a 30% chance of a full downgrade within 18 months.
Meanwhile, leaders from the European Union are in Beijing in the hope of persuading Chinese leaders invest billions of dollars into their bail-out fund.
The BBC's Juliette Foster discusses the key financial stories of the day.