Europe's financial contagion spreads

Subscribe to our channel http://bit.ly/AJSubscribe Subscribe to our channel http://bit.ly/AJSubscribe The European monetary crisis shows no signs of abating with talk of Greece leaving the Eurozone - once a taboo subject - now being discussed openly. The European Central Bank has stopped operations with some Greek banks. And the ratings agency Fitch has downgraded Greece by one notch to CCC. Now, Spain has had 16 of its banks downgraded by another credit rating agency. Al Jazeera's Emma Hayward has more. At Al Jazeera English, we focus on people and events that affect people's lives. We bring topics to light that often go under-reported, listening to all sides of the story and giving a 'voice to the voiceless.' Reaching more than 270 million households in over 140 countries across the globe, our viewers trust Al Jazeera English to keep them informed, inspired, and entertained. Our impartial, fact-based reporting wins worldwide praise and respect. It is our unique brand of journalism that the world has come to rely on. We are reshaping global media and constantly working to strengthen our reputation as one of the world's most respected news and current affairs channels. Social Media links: Facebook:   / aljazeera   Instagram: https://instagram.com/aljazeera/?ref=... Twitter:   / ajenglish   Website: http://www.aljazeera.com/ google+: https://plus.google.com/+aljazeera/posts