Greece is struggling hard to overcome its financial crisis but it seems that the situation is only worsening with health experts' recent confirmations over the deteriorating health conditions in the region.

Greece was the first one, which said that they want China to open banks in Greece. In return, China has agreed with the proposal and has informed that China Development Bank officials are soon going to visit Greece.

While there is so much being talked about Greece's debt being written off, there are reports indicating that German lawmakers are thinking to release the Greece aid soon. It has been further explained that both Chancellor Angela Merkel's center-right coalition and the opposition Social Democrats (SPD) have given a nod to the same already and it's most likely to be worked on soon.

With news rolling out that there are chances of Greece getting partial breather from long-running debt, shares of mining firms and banks were seen moving up on Tuesday. Among all, Royal Bank of Scotland Group PLC was reported to have seen a biggest hike of 4.1%.

A report lately released by the Taub Center has revealed that Israel has been so far lagging behind Western living standards. The 2011-2012 annual State of the Nation Report was out on Tuesday morning, which brings in doubt the work of the Israeli governments.

There is no denial that euro zone's debt crisis has been in talks ever since it started, and now Germany's finance minister has indicated that there might be some breather for Greece by letting go some of the money it has given to Greece.

It has been reported that Germany has asked Greece to buy back half of its outstanding bonds from private investors at 25% of their value. Germany is of the view that buy back would help Greece in minimizing its unsustainable debt.

Greece is yet unaware of how to make its debt sustainable unlike Athens may get two years to release its debt.

Eurogroup, the euro zone finance ministers will hold a meeting in Brussels where the main agenda will be how to release the lending to Greece. But, they will not release any new loan tranche in spite of tough time Greece is going through.