The finance minister of Greece has reached Brussels on Thursday is aiming to reach a new aid deal with its European partners.

The move comes after talks in the Greek government failed over the issue of reduction in pension benefits demanded by international creditors.

Leaders in the European Union collectively backed fiscal union pact and also agreed on the details of a _500 billion permanent bailout fund for the euro zone.

The share markets in the European region rose slightly after the European Union summit in which the leaders showed a united front and agreed upon the crucial steps to address the crisis.

Following the report of France and Germany aiding financially ridden Greece have brought a sharp turn in the UK’s market as stocks and Euro were seen rising on Wednesday. Despite Moody's ratings review of Italy, the euro finished up by 0.7 % at $1.4306 which was a week ago at 0.2% decline.

It seems the long running appeal to find a solution for the debt-ridden Greece is not going to get any by-pass sooner. With the Europe Union (EU) trying to win consensus on extending financial leeway to Greece, financial market has been hit by this euro debt crisis badly.

Following a brewing dissatisfaction among the ruling Cabinet, Greek Prime Minister George Papandreou has been roped in Evangelos Venizelos as Finance Minister so that austerity measures can be exercised.

The Euro has fallen to a very low rate against US dollar. This has been the worse in last four years. This happened mainly due to the crisis in Greece. The Eurozone has decided to help Greece by providing some bail-out package. But reduced value of euro has damaged the strength of Eurozone as well. The value of euro has fallen to $1.2237 where one pound was 1.1702 Euros.

The Eurozone have decided to help the economically weak countries. These countries have also planned to balance the economy and budget by proposing several cuts.

A bomb went off Thursday outside a maximum-security prison near Athens, where tensions remained high in the wake of recent rioting, Greek police have said.

They received a telephone threat ahead of the blast and were able to evacuate the area of Korydallos, Police have said.

No one was hurt, but windows in the area were shattered and the explosion was heard in Athens. No damage was reported to the prison.

A European Union official has said that a fund that would buffer European countries against Greece's debt crisis should be ready by Monday's trading session.

A EU official told Radio France Internationale on Saturday that the European Commission will "discuss and adopt" details of the fund officials hope will fend off market predators threatening the eurozone, where 16 EU members use only the euro as their legal tender.

The leaders of the 16 Euro states in the Eurozone have decided to provide Greece a 110 billion Euro bail out package to take control of the debt crisis in the country.

The Eurozone Commission President, Mr. Barroso has informed that the Eurozone will take every possible step to rebuilt Greece’s financial conditions.  But Athens has to cut its public spending for the next three-year loan.

The Euro price has fallen in international market. And experts apprehending that if same thing continues then Portugal and Spain could even face the same problem. The leaders have also planned for a long term stabilization mechanism for Europe’s financial stability.

A new study established that acrobatic exercises increases the bone strength of adolescent girls. The study was conducted at the University of Athens in Greece by a team of researchers whose leader is Symeon Tournis.

Symeon Tournis said that bone density and bone strength is closely related with gymnastics. He also said that findings of the study show that rhythmic weight bearing exercise improves the bone health in girls.

According to a new study, long-term elite rhythmic gymnastics exerts positive effects on volumetric bone density and bone geometry in adolescent girls.

The study will be published in The Endocrine Society''s Journal of Clinical Endocrinology & Metabolism (JCEM).

According to the police, three people died in massive protests against austerity measures needed to keep Greece from economic collapse.

The crisis has sent the euro, which is shared by 16 European countries including Greece, plummeting. Late Wednesday it was down to $1.2818. It has traded as high as $1.60.

Tens of thousands of demonstrators marching through central Athens while the Athens News Agency-Macedonial Press agency reported three died in the firebombing of a bank, Voice of America has reported.

There is no end of troubles for Greece. A strike protesting against planned tax rises and spending cuts has spread all over Greece. All the trains, flights and other transport media have been clogged. The transport workers have also joined in the strike with the public sector workers. There has been almost 48 hours strike in the country.

The austerity was applied to overcome the recent economic downturn of the country. But it had produced its adverse effect. It had spread much annoyance among the people of Greece.

The Eurozone members and the IMF have agreed to issue a bail-out package to Greece. The economic condition of the country is too poor and it will receive an 110billion euro of bail out package. As per analysts it is going to rescue Greece's poor economy running these days.

The Eurozone will provide 80billion for this and the International Monetary Fund (IMF) has taken the responsibility to pay the rest amount of money. This has been meant to prevent Greece's big economy crisis. But the deal is yet to receive the approval of another 15 Eurozone countries.

Prime Minister George Papandreou said on Sunday that a financial deal to rescue Greece's economy has been reached.

The unprecedented bailout agreement between Greece and the International Monetary Fund and European Union to keep the country from going bankrupt could provide up to $160 billion, the New York Times has reported.

The Times also said that a determined-appearing Papandreou called on his countrymen to accept "great sacrifices," to keep Greece afloat.

He was confident an international rescue package would work for Greece, International Monetary Fund Managing Director Dominique Strauss Kahn has said.

Voice of America has reported that in Berlin on Wednesday to discuss IMF and European Union loans with European Central Bank officials and German Chancellor Angela Merkel, Kahn said, "I'm confident from this side it will work very rapidly."

The loan package "asks from the Greek government very bold measures, but they're ready to take it," Kahn said.

Greece is not alone among the European Union countries which have a problem with rising debt, recently released data has shown.

The EUobserver reported on Friday that with attention focused on Greece, the EU has said that the average deficit among its 27 members, had risen to an average of 6.8 percent of the gross domestic product, almost three times the average of 2008 when annual debt averaged 2.3 percent of the GDP.

Greece's task of reducing its debt to the target level set by the European Commission is greater than previously thought.

The talks have begun in between the Greek Finance Minister and the IMF delegation. This is being done to decide, when and whether the financial aid should be asked for or not.

As per the sources, talks between the officials of European Commission, the European Union's executive arm, the European Central Bank and the IMF, will also be held to discuss the technical aspects of the €45 billion rescue package.

The concern over Greece's financial position has reemerged. It kept Euro under stronger pressure throughout the day's trade.

The European currency touched a low of $1.3533 this week. The spread between the Greek 10-year bonds and their euro-zone German benchmark rose to 426bp from 406bp.

The cause is attributed to higher yield on Greek government bond. It has now witnessed its widest spread between the yield on benchmark 1-year Greek government bond and their German equivalent since the announcement of € 30bn bail out package for Greece by Eurozone.

After European leaders offered concrete terms on loans to Greece, Crude oil for May delivery climbed above $85 a barrel in New York Monday.

Greece was offered $40 billion in loans by finance ministers of the 16-nation eurozone, which are likely to be backed up by $20 billion in loans from the International Monetary Fund.

Silvio Peruzzo, an economist at the Royal Bank of Scotland told The New York Times that the concrete numbers were just the kind of clarification investors were looking for.

The US investors have shown their suspicion in the recovery of Greek economy with the help of emerging market buyers. They are questioning as to how much possible it will be for Greece to sell its overseas debt, given the current situation.

On Thursday, the Greek bonds were further sold off and the yields of two-year bonds went up by around two percentage points.

This could hamper the idea with which the Greek officials are planning to travel to US. They want the US investors to come up and save the beleaguered European economy.