After witnessing three-week low, European stocks saw a rise, and all the credit should go to Slovakia as it is the new hope for the burdened countries to give them some sigh of relief by providing Eurozone bailout funding.

German Chancellor Angela Merkel is also having high hopes from the deal despite the fact that it has been strongly opposed by lawmakers. She confirmed the statement in a meeting, which she was attending in Ho Chi Minh City in Vietnam and confidently said that `Euro is and will remain a strong currency'.

All is not well at Slovakia as its parliament has put a stop at the European Financial Stability Facility deal in which it would not be able to help trouble-stricken nations as it blocked the 440-billion-euro bailout fund. Lawmakers did not consider warnings of European Central Bank, when it said that they would be ending that amount as the world is facing economic crisis, and that amount could save them from systemic dangers.

Euro zone countries would remain in trouble as until Slovakia, which is the 17th and last member of euro zone do not agree with extension of funds, till then nothing could be done.

Eurozone countries need at least two trillion euros to overcome the problem, said British Prime Minister Gordon Brown. And for that, they are trying to search every viable option at a time when other Euro members are not coming forward for help.