French Prime Minister, Francois Fillon, said that the financial turmoil seems to be gaining some relief now, as the euro exchange rates at present are yielding good inflows in the region.

He said the currency system in the Euro-zone has brought a sigh of relief.

"I'm not really concerned about euro rates in the mid-term or in the long-term. Earlier, actually the euro was over-valued, and it had negative consequences on European exports", he said.

He added that the analysts should not expect many improvements in the Greece economy, as the nation will recover gradually.

With the launch of the austerity drives in the most affected nations in the Euro-zone like Greece and Spain, the industry analysts are pointing out the possibilities of another shot of downfall.

However, the French PM said that the weakness in the currency is boosting the exchange, raising hopes of recovery.

Fillon urged a number of Japanese giants to induce confidence and investment in the Euro.

In addition, Portugal's Prime Minister also brought good news saying that the new reforms are brining economic improvements in the nation.

As recorded on Thursday, Euro surged to $1.2920 EUR=, up from around $1.2813 in New York.