Moody's also warned that unless we see "major policy initiatives" soon, it may rethink its ratings across the eurozone, or even the wider EU. That could have negative implications for all members, possibly even AAA-nations such as the UK and Germany. 8.10am: Hello, and welcome to today's rolling coverage of the eurozone debt crisis. This morning is dominated by two issues – reports that the IMF is in talks with Italy over a rescue package, and a warning from rating agency Moody's that there is now a risk of "multiple" defaults across Europe.