Steve Inskeep has business news.
Originally published on Mon August 8, 2011 7:05 am
RENEE MONTAGNE, host:
And late last night, the European Central Bank decided to buy Italian and Spanish bonds to calm market concerns that those two countries would not be able to pay their debts.
NPR's Sylvia Poggioli joins us on the line from Rome.
And Sylvia, how did Italy react to the move by the European Central Bank?
Steve Inskeep has the Last Word in business.
Steve Inskeep talks to NPR news analyst Cokie Roberts about the first downgrade of the U.S. government's credit rating. They also discuss Tim Geithner's decision to stay on as Treasury secretary.
Renee Montagne talks to NPR's Anthony Kuhn about the latest on Asian market reaction to the downgraded U.S. credit rating by Standard and Poor's.