Olli Rehn, EU Monetary Affairs Commissioner, is predicted to urge Greece today to do more in order to cut spending to rein in its huge budget deficit, as signaled by both Angela Merkel and Jean-Claude Junker yesterday. German lawmakers mentioned that euro-zone's officials will gather 25 billion euros to support Greece, where the money will be financed by KfW Group. Merkel said before that her country is not going to bailout Greece that has to depend on itself in tackling its sovereign debt.

Meanwhile, Greece has the highest budget deficit in the EU at 12.7% of GDP which is predicted by the EU Commission to incline to 124.9% of GDP this year and made it subject to possible downgrading by S&P and Moody's last week.