Greece's Finance Minister George Papaconstantinou reassured investors that the yield gap that keep on widening between German and Greek bond is a result of broader market volatility, rather than Greece's inability to repay its debt.

Our spreads remain where they are because of the broader turbulence of the European markets, Papanconstantinou said Tuesday, adding that We have all realized this is a systemic issue for Europe.

Surging to a record, the spread between German bunds and Greek bonds rose to exceed 10 percent. Papaconstantinou said that he expects a major decision to be implemented by Greece in the upcoming two-months, allowing once and for all settle the issue of the sustainability of debt in the euro zone.