World leaders are meeting this weekend to discuss the debt crises in Europe and the United States. The downgrade of U.S. debt by Standard and Poor’s on Friday will test the strength of financial markets. Also, markets may negatively react if the European central bank does not purchase Italian and Spanish debt on Monday.
To read a related Reuters article, please click here:
http://www.reuters.com/article/2011/08/06/us-eurozone-idUSTRE7712HB20110806
Jim Sutliff