Greece is due to attend an important meeting in order to discuss the bailout payments to be received from its partners in Europe and International Monetary Fund (IMF).

The meeting is being organised after Europeans assured to help Greece in monetary ways in accordance with guidelines of the economic deal, revealed German Deputy Finance Minister Joerg Asmussen.

German and French support to Greece has proved lucrative for Japan as its Nikkei index witnessed an upward jump. It has been informed that the Nikkei index was 1.8% up at 8,668.86. It is said to be its biggest jump since last week.

It is believed that positive waves coming from the debt ridden country, Greece has caused this sudden jump. There are rumors of China coming forward to support debt ridden countries like Greece.

Nonetheless, after extending second bail out to the debt-stricken Greece, it was believed that euro zone crisis would take a breather, the news of larger countries like Italy and Spain may soon place themselves in the same category has jolted the 17-nation currency clan. With the growing outrage over the future of European countries, the domineering Germany has always kept its foot ahead over every other European country.

If reports are to be believed, German experts and economists are of the opinion that Greece must exit from the EU, followed by Portugal and even Italy.

The novel Greek bailout agreement has given double benefit that is a significant economic event and a German foreign policy. Both are related to reach other.

Wolfgang Schaeuble, the Finance Minister of Germany, has stated that the individual sponsors will be given an option to contribute to the revival of the economy in Greece by pooling in money for the fresh bailout.

German Finance Minister Wolfgang Schaeuble has stated that the country’s debt crisis may be removed by extending the maturities of Greek bonds. This may help to lessen the debt to some extent. For this there is need of private investors who would participate in this.