Huff Post - Reuters, 9/3/12
A giant logo of the Euro currency stands in front of the European Central Bank (ECB) in the banking district of Frankfurt/M., western Germany, on July 31, 2012. (DANIEL ROLAND/AFP/GettyImages)
SYDNEY, Sept 4 (Reuters) - Moody's Investors Service has changed its outlook on the Aaa rating of the European Union to negative, warning it might downgrade the bloc if it decides to cut the ratings on the EU's four biggest budget backers: Germany, France, UK and Netherlands.
The move will add to pressure on the European Central Bank to provide details of a new debt-buying scheme to help deeply indebted euro zone states at its policy meeting on Thursday.
The move will add to pressure on the European Central Bank to provide details of a new debt-buying scheme to help deeply indebted euro zone states at its policy meeting on Thursday.
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