According to US President Barack Obama, the majority of nations were at risk of being effected with the unending debt-crisis in Europe. The statement comes after Germany denied providing with any further financial aid for the debt rescue facility of the European Union.

Meanwhile, the stocks in the Asian market jumped high followed by unsure recovery in the US and European markets because shareholders received vague information about measures being adopted by Europe to fight the crisis.

Germany was thrashed by Lithuania, as the final scores recorded were 84-75. Also, the Serbian basket ball team managed to reach the level of quarter-finals of the European Championship.

As per Serbia‘s shooting guard Milenko Tepic, "We got sweet revenge for going down in the same fashion against Turkey last year, but the most important thing is that we beat a great team and progressed to the knockout stage”.

The economy of Germany has improved in the last few months but now the country is facing a shortage of trained professionals. The country is now planning to attract qualified professionals from debt-stricken Eurozone countries like Spain, Greece and Portugal to overcome the shortage.

The new German coalition government led by Chancellor Angela Merkel was in confusion over the issue of state aid for Opel, while other European Union states with Opel factories had pledged more than euro 1 billion.

According to the statement, ahead of a visit by new General Motors (GM) Europe chief Nick Reilly to Brussels, Spain, Britain and Belgium had offered state aid 300-500 million euros each to return Opel to profitability.