To worsen the prevailing debt crisis situation, Fitch reduced Italy's credit rating to A+ from AA- and Spain's credit rating to AA- from AA+.

Whole situation has gone for toss as now, Belgian bonds of 10 year also lowered when the government said that they have considered pros and cons of paying 4 billion euros for consumers of Dexia SA, and have agreed for the deal in which they would pay the loan to assure the lenders. Even, Belgium was of the view that its credit ratings could also be on the check after Italy and Spain.

Seems almost all euro countries are facing downfall as Germany 10 year bonds also faced downfall at that time of euro-zone crisis. Though it could have reaped positive results, fall in credit rating of Spain and Italy and suspicion of the same on Belgium's credit rating led to the loss. Good news is that exports business from Germany was found to be on rise after hiatus of three months.

Revival methods were being sort out at a Berlin meeting which saw French President Nicolas Sarkozy and German Chancellor Angela Merkel. Nicolas was of the view that they would recapitalize their banks in order to save their economy.