Standard and Poor's announced on Monday that it is considering a credit rating downgrade for both Germany and France, the euro zone's two biggest economies. The move takes place as euro zone countries meet in Brussels in an attempt to stop the ongoing crisis. The two countries currently have a top-notch AAA rating from the agency. Standard and Poor's said that 13 additional euro zone countries are also vulnerable to downgrade as a result of the continent’s economic crisis.
Louise Story, Wall Street and finance reporter for The New York Times, has the latest on the story. Claus Deiter Heinze, a German businessman, reacts to the proposed changes to the European Treaty.