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desperate need of a bailout. reporter: it was a clear warning flag: yields on spanish government bonds surged to 7% today, after moody s investors service cut its rating by three notches to just above junk status. that typically means a bailout might be needed. germany has been the go-to source for rescue packages, but chancellor angela merkel said today, her country cannot save europe on its own, adding germany s resources are not unlimited. some international experts says the best solution, and what investors want to see, a unified effort to rescue troubled nations. it would have to be a combination of the europeans as well as maybe the i.m.f. coming in, and so i think if those two would pool their resources i think the resources are there but the question is are spanish leaders willing to do what s need on their part for the europeans and the i.m.f. to come to their aid. susie: how to solve the financial crisis will certainly be the big topic when world leaders mee
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reporter: it was a clear warning flag: yields on spanish government bonds surged to 7% today, after moody s investors service cut its rating by three notches to just above junk status. that typically means a bailout might be needed. germany has been the go-to source for rescue packages, but chancellor angela merkel said today, her country cannot save europe on its own, adding germany s resources are not unlimited. some international experts says the best solution, and what investors want to see, a unified effort to rescue troubled nations. it would have to be a combination of the europeans as well as maybe the i.m.f. coming in, and so i think if those two would pool their resources i think the resources are there but the question is are spanish leaders willing to do what s need on their part for the europeans and the i.m.f. to come to their aid. susie: how to solve the financial crisis will certainly be the big topic when world leaders meet monday in mexico, for a g-2
New-york
United-states
Smithfield
West-village
California
Germany
Texas
Argentina
Illinois
Washington
District-of-columbia
Mexico
reporter: it was a clear warning flag: yields on spanish government bonds surged to 7% today, after moody s investors service cut its rating by three notches to just above junk status. that typically means a bailout might be needed. germany has been the go-to source for rescue packages, but chancellor angela merkel said today, her country cannot save europe on its own, adding germany s resources are not unlimited. some international experts says the best solution, and what investors want to see, a unified effort to rescue troubled nations. it would have to be a combination of the europeans as well as maybe the i.m.f. coming in, and so i think if those two would pool their resources i think the resources are there but the question is are spanish leaders willing to do what s need on their part for the europeans and the i.m.f. to come to their aid. susie: how to solve the financial crisis will certainly be the big topic when world leaders meet monday in mexico, for a g-2
New-york
United-states
Smithfield
West-village
California
Germany
Texas
Argentina
Illinois
Washington
District-of-columbia
Mexico
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