bailed out stuff more on this we're joined live by professor philippe just a teen from the high finance institute at the university all of us thank you for joining us today why why are we seeing such a strong reaction from the e.u. to this downgrade i'll be you know credit rating agencies simply doing their job. i mean here in europe exactly we have to face a situation where there is an actor which is raising a concern which is really is that bad news for the markets and since investors so that's why. the politicians and i think you work in zone try to say this actor is not very long but indeed that what is very bad is it's a new it's been said today there is a need of cash many countries in the european community and especially thank you resume at least that was one of the big points that we can see now and on the island are also to be on lights and maybe tomorrow so you think you saying then that the e.u. is using this as an opportunity to offload responsibility and if so why now. yes i think that could be seen as a real need to be a real big point to. today the new tries to find responsibiliti

bailouts now for more on this we're joined live by professor philippe doesn't tina from the high finance institute at the university paul. thank you for joining us today why why are we seeing such a strong reaction from the e.u. to this downgrade on the credit rating agencies simply doing their job. i mean here we are exactly we have to face the situation where there is not there. which is really the markets and. that's why i. think you were right to say this actor is not very good one but indeed what is very bad. it means that today there is a need in many countries in europe and communities in this specially insecure resume that was one of the big points that we can see now and on the island are. today on light and maybe tomorrow so are you saying you saying then that the e.u. is using this as an opportunity to offload responsibility and if so why now. yes i think that could be seen as real to be a real big point of. today's interview tries to find responsibilities and maybe to say to the public opinion we've got a problem here and that's not the only our opinion what is very very. obvious is to