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.

The forecast of receiving bailout payments and declaring Greek as incapable of paying off the debt resulted in increasing stocks of Tokyo by 1.50% and Seoul started the day with hike of 3.12%.

On the other hand, Euro plunged against the power of dollar at Asian market on Tuesday.

According to Economic Affairs commissioner Olli Ren, the foundation stone of the second round of bailout for Greece, 440-billion-euro European Financial Stability Facility, should be encouraged so as to stabilize the condition.

It is being expected from Germany to provide a large share to Europe to fight the debt crisis, but the parliament of Germany does not agree to do so.