It has been reported that, the government bonds experienced a jump today while the Euro and Stocks stumbled. The stock market of Europe has been tumbling because of the Greek debt crisis which has not yet been solved.

The decision over the Greece’s financial stability would be taken by the Euro zone finance ministers, who have not yet given a green signal to austerity measures and have asked Greece to secure a second bailout plan.

At present, Greece is facing a tight situation as it doesn’t have any concrete plan to help the country from overcoming the hurdle of financial crisis. Jonathan Sudaria, dealer at Capital Spreads noted, “Despite yesterday's agreement between party leaders over the austerity measures, traders still remain skeptical over whether they (Greece) can avoid a default. Concerns were raised that Greece still hasn't done enough to satisfy the criteria to receive a bailout”.

Amidst the global financial crisis, the Asian stock had been doing quite well. However, recently, a plunge in the Asian stock market was also witnessed. But as compared to October, the Asian index is said to be at 20% higher note.

The market watchers are of the view that in the coming times, the financial condition of Greece would be terrible. The Eurogroup has asked Greece to bring changes in the austerity plans set by the country. About three changes have been pointed out by the Eurogroup.

The changes that have been asked by the Eurogroup are required to be made before Monday before a meeting is held between the concerned parties. The Eurogroup has asked Greece to reduce 325 million Euros spending of the country. These changes are required to be made before Wednesday.