AOL.com Video - S&P Issues Warning to Euro Zone

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S&P Issues Warning to Euro Zone

Description:Standard and Poor's placed a negative credit watch on 15 members of the euro zone, citing systemic stresses in recent weeks, that of course due to the spreading two-year debt crisis. S&P says tightening credit conditions, higher risk premiums on sovereign debt and political wrangling within the euro zone are the other reasons. Negative credit watch means the countries could see a lower debt rating within 90 days of the warning. (1:58)

Source: Reuters

Tags: europe debt , europe economy , European economy , eurozone