Concerns have been raised by the Canadian Finance Minister about the prevailing debt crisis in the Eurozone. Jim Flaherty is of the view that there need to be some concrete steps taken by the nation in order to overcome the issues in the economy of the nation, so that it can regain its lost poise and dignity. Eurozone has been dealing with financial problems for a while now and it is extremely essential they came up with something specific as a plan of action to get rid of their debt crisis.

There is need for measures to be taken as soon as possible so that the Eurozone doesn't land in the soup that US had got into. He further added that uncertainty concerning these matters needs to be removed soon; otherwise it would be too late for them to recover.

Mark Carney from the Bank of Canada is of the view that the situation of the Eurozone right now is very critical, but is still fixable for the moment, if action is taken soon.

"It is not a question of ability, but a question of political will, and taking these decisions in a timely manner", he said.