While a Greek bailout remains a major market focus, attention is drawn to the possibility of a ratings cut for France and Britain.
The markets are still keeping an eye on a March 20 deadline for Greece to meet debt repayments of 14.5 billion Euros.
Greek Prime Minister, Luca Papademos, and his coalition need to secure bailout funds before then, while EU leaders want to see details on how the promised budget savings will be achieved.
Attention is now focused on Wednesday's meeting of Euro-zone finance ministers, who are meant to decide on the rescue package.
Beijing officials will also be meeting with their European counterparts in the next few days, as China considers investing in a bail-out fund to help nations crippled by debt.
China's foreign exchange reserves are the largest in the world. The Euro zone is collectively China's largest trading partner and the largest economy in the world and China also sees it is as important for the European Union to resolve its current issues.
Euro Advances But Many Hurdles Lie Ahead
The Euro advanced on what many analysts believe to be relief over the Greek parliament vote to approve new austerity measures. Greece is not in the clear just yet.
Euro Zone finance ministers will meet on Wednesday to listen to Greece explain how this year's total budget cuts will be achieved before it agrees to the bailout deal.
Meanwhile, the Bank of Japan unexpectedly announced further stimulus measures in order to bolster the country's economy on Tuesday which saw the Yen weaken.
The markets are still keeping an eye on a March 20 deadline for Greece to meet debt repayments of 14.5 billion Euros.
Greek Prime Minister, Luca Papademos, and his coalition need to secure bailout funds before then, while EU leaders want to see details on how the promised budget savings will be achieved.
Attention is now focused on Wednesday's meeting of Euro-zone finance ministers, who are meant to decide on the rescue package.
Beijing officials will also be meeting with their European counterparts in the next few days, as China considers investing in a bail-out fund to help nations crippled by debt.
China's foreign exchange reserves are the largest in the world. The Euro zone is collectively China's largest trading partner and the largest economy in the world and China also sees it is as important for the European Union to resolve its current issues.
Euro Advances But Many Hurdles Lie Ahead
The Euro advanced on what many analysts believe to be relief over the Greek parliament vote to approve new austerity measures. Greece is not in the clear just yet.
Euro Zone finance ministers will meet on Wednesday to listen to Greece explain how this year's total budget cuts will be achieved before it agrees to the bailout deal.
Meanwhile, the Bank of Japan unexpectedly announced further stimulus measures in order to bolster the country's economy on Tuesday which saw the Yen weaken.
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