downgrade of the credit ratings of six countries including france and germany. all the while, markets continue to be affected by euro zone fears. for more on this, i am joined by the chief economist. good afternoon, diane. there is widespread anger in europe at this timing and spread from standard and poor s and it puts pressure on the eu summit on friday. do you think this added to fears that the single european currency could be in jeopardy? i think standard and poor s, i don t understand all of their positioning with the politics of this. i don t know that they were such good strategists, but beyond that it s facetious on my part. i am not pleased with what they have done. it s important and critical to say that the euro zone and the cost of dismantling is greater than the cost of saving it. we have a vested interested in
protesters pelted the delegation with eggs and tomatoes saying its members were too close to president bashar al assad. dissidents also say syrian forces killed 25 people across syria on wednesday. news corp. executive is preparing for his second appearance between british mps today. they suspect he misled them when testifying with his father, rupert, in july. police officials say 4,000 people may have had their phones hacked. those are the top stories from cnn, the world s news leader. i m monita rajpal. world business today starts right now. we are in one of those defining moments where we either unite or face irrelevant convenience. europe at the cross roads. t good morning from cnn london, i m nina dos santos. you re watching world business today. every time we think that we ve reached the pits of the european debt debacle it seems as though another event serves to remind us there s no quick fix here for the moment. the markets continue to take yet another t