The eurozone debt restructuring drops concern as a surprising rise in the Asian stocks has helped overshadow worries on the lack of progress. The healthy U.S. jobs data has also strengthened investor risk craving, weakening euro against most of its 16 major peers as eurozone leaders worked on a funding agreement and pushing Asian stocks high up on the list.
Dexia bank, the primary organization to suffer from the Eurozone Debt Crisis is being dismantled. The countries of Belgium, France and Luxembourg have released a joint statement in which they announce their mutual decision to dissolve the economically weak bank. The three involved parties have mentioned in their joint statement that after carefully evaluating the situation and consulting with several experts, all three have come to the conclusion that it is in everyone’s best interests to close down the bank.