The European Union was put on notice recently for being at risk of a downgrade of their top Aaa rating. This is happening because of the continent's ongoing debt crisis. The EU's creditworthiness has gone from being "stable" to "negative." The European Central Bank is trying to help this issue by creating a new bond-buying program to reserve the Euro currency.
European Union Headquarters
The bond-buying program is a great idea to help out the continent's debt crisis because it will increase the borrowing revenue's of many countries within Europe. Some of these countries would include Spain and Italy. When multiple countries are doing business with each other it helps stimulate the Euro currency.
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