More on the Greece financial position, in Shanghai today, a former European Commission President Romano Prodi said that we have seen the worst of the financial woes in Greece. Prodi, who is also the prime minister of Italy, said that For Greece, the problem is completely over.

The government of Greece last week announced new measures of 4.8 billion euros to narrow the budget deficit that stood at 12.7% of last year's GDP, towards increasing taxes and reducing spending.