Tuesday, 17 January 2012

Eurozone Has Long Road Ahead: Germany

Angel Merkel, the German Chancellor has warned Europe has a long way to go to solve its debt crisis, after Standard and Poor's downgraded the credit ratings of nine European countries.

The rating's agency says the Eurozone countries are not as safe a bet for investment as they once were. France know joins Austria, Italy, Spain, Portugal and Cyprus as fellow victims of the economic downturn.

Al Jazeera's Jacky Rowland reports from Paris.