On Friday, the Euro together with world stock markets fell down significantly. It is believed that the worries over the slopping economy in Europe have led to their fall. Meanwhile, it has come to light that G7 finance ministers will be holding a discussion over the ways to tackle the debt ridden situation of Europe.

It has been reported that on Friday, the Euro fell down six months lowest against the US Dollar. The European debt is causing worries all over the world. The New York-based chief investment strategist, Liz Ann Sonders said that efforts are required to be made towards easing up the debt crisis of the Europe.

The growing financial problem of Europe has led to the resignation of European Central Bank's (ECB) board member Juergen Stark. It has been revealed that Stark’s resignation was followed by controversial bond-buying program.

The ECB has been eyeing for long over the bond-buying program to ease up the debt crisis of Europe. The resignation of Stark has furthered the economy of Europe under danger, as now it’s being sought whether or not the Europe will be able to overcome its crisis. Besides, Stark’s resignation clearly highlights that internal conflict of ECB is taking it to a wrong track.