4:00am

Wed September 14, 2011
NPR Story

Moody's Downgrades Ratings Of 2 French Banks

The downgrade by Moody's Investors Service didn't come as a huge surprise. French banks hold a large amount of Greek debt and their shares have taken a beating in world markets lately. France is at the heart of the eurozone crisis because its banks are some of the most heavily invested in Greek debt.

Related program: