The Moody's blues: who has final say on how to fix Europe?

As Nicolas Sarkozy tries to get Berlin to commit to bold decisions at Sunday’s crucial EU summit, a credit warning by Moody’s undermines France’s bargaining position. François Picard's panel argues over the relative weight of credit rating agencies.

• Stéphane COSSE, Former senior economist, IMF, President, MODEM Paris
• René DEFOSSEY, Strategist, Natixis Bank
• Didier DAVIDOFF, Economist, Director of European Savings Institute
• Ali FATEMI, Professor of finance, American Graduate School of Economics in Paris.
  
  Watch the second part