Europe's finances are once again in the spotlight as global growth slows and the continent teeters on the brink of recession.
Despite the Greek bailout agreement, which will see billions injected into the nation's economy, shares dipped and fund investors continued to side-step riskier assets.
Even China, which some saw as an economic dynamo capable of lifting western economies out of disarray, is on the ropes with growth sliding.
Primarily, investors are worried about the ability of Greece to service its debts, which is having a far-reaching impact on the euro and share prices far beyond Athens.
Speaking to Reuters about the bleak financial future for the eurozone, Peter Dixon, global equities economist at Commerzbank, said: "The economy remains stuck in low gear. It's indicative of a flatlining economy, maybe slightly contracting rather than a major slowdown."
In Asia, the financial crisis has been affecting exports and China's manufacturing industry, for example, has contracted for four consecutive months.
The initial response to the Greek bailout was muted, but as stock markets fail to bounce back following the agreement, sentiment has started to rapidly deterioirate.
Many analysts believe that the deal will not be enough to stop the country from defaulting and even being ejected from the euro.
Greece will receive in the region of £160 billion from its fellow eurozone partners and the International Monetary Fund. This sum is expected to give Greece breathing room as it pushes through widespread economic reforms.
It is the second time that the country has received a multi-billion pound bailout – with the first coming in 2010, at the height of the economic crisis.
Gary Jenkins, managing director of Swordfish Research, told the Washington Post: "There are still a lot of moving parts in order for Greece to actually achieve the bailout of course and doubts remain about their ability to keep to the terms and conditions over the medium term."
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