. >> one such example is the insurance giant allianz, which relies on ratings agencies to invest huge amounts of capital. but that system historically failed on a massive scale and when the agencies gave some prime mortgage bundles high ratings, triggering the financial crisis in 2008. not only companies but countries such as portugal paper ratings agencies for their assessments. potential conflict of interest is another weakness in the current system. but few would argue portugal's downgrading to junk status is any sign of favoritism. >> traditionally, dusseldorf has been germany's fashion capital. but in recent years it has lost some of its fire. that could be changing. there is a fashion trade fair that ends today. we stopped by before they closed the door. >> those who come to the women's wear trade fair are mainly buyers. cpd dusseldorf has been outdone by berlin's fashion week. for a while, visitor numbers dropped year by year. but it still offers a tantalizing glimpse of the fashions to come. >> basically, fashion is going through an upheaval. during the economic crisis, people

. >> allianz and deutsche bank shares down here like a contagious disease, concerns are growing that more government bonds are european countries have to be devalued. the problem with countries like italy, for example, is that debt there is too high, but the economic performance is too weak. in other places of the world, the economy is overheated, like in china where prices have increased more than estimated. this leads to the speculation that soon, the government of beijing will dampen the economy again. >> let's take a look at some market numbers in more detail now. beginning with germany, where the dax closed today's session at 2730, down by just over 2%. across the atlantic, the dow jones industrials continued heading south, currently at 12,505. and the euro is currently trading for one u.s. dollar -- $1.4023. price of shares in german pharmaceutical group fall as in jest -- investors digest friday's news that it has lost protection for its biggest selling contraceptive pills. it is one of its main money spinners, with sales of more than 1 billion euros last year. the ruling by t

. >> one such example is the insurance giant allianz, which relies on ratings agencies to invest huge amounts of capital. but that system historically failed on a massive scale and when the agencies gave some prime mortgage bundles high ratings, triggering the financial crisis in 2008. not only companies but countries such as portugal paper ratings agencies for their assessments. potential conflict of interest is another weakness in the current system. but few would argue portugal's downgrading to junk status is any sign of f voritism. >> traditionally, dusseldorf has been germany's fashion capital. but in recent years it has lost some of its fire. that could be changing. there is a fashion trade fair that ends today. we stopped by before they closed the door. >> those who come to the women's wear trade fair are mainly buyers. cpd dusseldorf has been outdone by berlin's fashion week. for a while, visitor numbers dropped year by year. but it still offers a tantalizing glimpse of the fashions to come. >> basically, fashion is going through an upheaval. during the economic crisis, people