The EU heads agreed to provide financial aid to Greece to help it tide over the financial crisis in Brussels, Belgium recently. Greece received the aid last year.

The Greek parliament accepted the proposal for cutting down the government expenditure by 2015, which the EU raised as a precondition for the aid, and adopted a mid-term economic austerity plan according to it.

It was reported that the EU and IMF would formally sign the new aid plan in July.

Some people describe the efforts made by Greece and EU to tide over the crisis as futile, asserting the euro-zone will soon collapse.

Bernanke, chairman of the Board of Governors of the U.S. Federal Reserve System, said Greek economic slump would endanger the unitary political structure in Europe.

The executive director of CEBR said the Greeks and the international community will soon be fed up with this meaningless struggle and this will lead to a collapse of the currency union.

He meant the euro zone might cease to exist by 2013.

EU, however, is not so hopeless about the grim situation in Greece. It says the country's economy will surely recover by 2013.

EU voiced its willingness to defend euro, protect euro zone and tide over the financial crisis in Europe by closely cooperating with each other at the 41st International Economic Forum in Switzerland early this year. It is now making efforts to put it into practice.

China predicted the euro zone can make stable economic progress and promised to increase loans for EU member nations and boost trade with them.

How the situation will turn out over the serious financial and monetary crisis of the EU member nations triggered by the financial crisis in the U.S. is drawing attention of the world people.