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.

These cuts will definitely affect the Eurozone and could hold back the growth of the European countries. The National Australia Bank in Sydney has said that if the Eurozone will not solve this problem soon then the whole world economy can be affected.

Earlier this month, both the Eurozone and International Monetary Fund (IMF) had decided to issue a rescue package of 750billion Euros to Greece. Despite that decision, the euro and the shares began to fall heavily and the maximum fall to almost all the European stock markets was recorded last week.