It is an endeavor being made by the authorities to put the debt sale of the Italy as a testing drive for the ability of Eurozone to fight back the debt crisis. It was seen on the other hand that there are widening economic problems in the world, the low Chinese trade data being a reminder of the same.

Recent gains had raised a ray of hope in the minds of the authorities, but the European shares seemed to have halted flat after that. Besides this, the poor trading outputs from China also showed that there is more turbulence than merely the Eurozone crisis. It was further reported that the reports and imports were both recorded to be lower than what had been expected.

It was a sign of the global depression in economic status and also showed how the investors have preferred to steer clear from investing in the Eurozone since the turbulence in the area stated. The global recession has come due to a number of disturbances in the world economy. This has been caused by a number of reasons such as the recession in the United States in the year 2008, the Tsunami and earthquake in Japan this year as well as the recent Eurozone crisis besides other minor tiffs, all across the world.

There is need for combined efforts to be made by the world governments in order to restore peace and financial stability in the world and reducing inflation that has crippled the commoner.