It has been revealed in a recent report that the borrowing costs in Italy have climbed up to their highest since the time Rome joined in the league with Euro. The new Government of Mario Monti is feeling much pressure of need for quick action. The euro zone crisis is simply moving around in circles with no getting away since a long time now. There have been a series of bailouts and help from other countries, but he impending danger of recession hasn’t been put off yet.

Member nations are still struggling to find respite as the bond sale which was designed to help, has not been of any use. The hitch is that even the common man is now being affected by the crisis and they are struggling with money problems. There is need for some efficient steps to be taken as soon as possible otherwise Euro zone might soon find itself in the same soup US was back in 2008.

Spain is now considering moving out for help from outside, to make the situation stable for the commoners. There needs to be something done to balance the sheets of the nations of the Euro zone, before it seems to go further out of hand. The euro zone crisis has started to have negative impacts on the world economy and interlinked nations and their finances are staggering as well.

It is essential that help is availed soon; otherwise there is a risk of a global recession on the block.

"I don't believe the decision has been made ... but it is one of the options on the table, because I've been asked about it. But we need more time and more information on the current state of things”, revealed a source, about the nations asking for outside help.