Rajiv Biswas tells Asia Business Report that the eurozone is the 'biggest threat to emerging Asia'
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Eurozone crisis is 'biggest threat to emerging Asia'

Ratings agency Standard and Poor's has cut the credit rating for Greece to selective default.

The move comes after banks agreed to write off more than half of their Greek government debt holdings in the second bailout package agreed earlier this month.

Rajiv Biswas from IHS Global told the BBC's Asia Business Report that the crisis in the eurozone is "the biggest threat to emerging Asia".