EU in threat over credit rating
Ratings agency Standard & Poor's says it is putting the European Union on review for a possible downgrade of its triple-A credit rating.
The move follows up on a similar action taken on Monday in regard to 15 of the 17 members of the euro because of the eurozone's debt crisis.
The eurozone member countries contribute 62% of the EU's revenues.
Standard & Poor's said its credit review would focus on the financial ability of eurozone countries to support the EU's repayment of its debts.