Metallica and Red Hot Chili Peppers reschedule dates due to Eurozone crisis

It looks as if the Eurozone crisis is about to rock Europe, as certain American acts are reconsider European plans.

Stadium rockers such as Metallica and Red Hot Chili Peppers have changed their touring plans fixated by worries of Europe's debt problems will translate to non payments.

Metallica's manager Cliff Burnstein revealed to The Wall Street Journal that the crisis has prompted the band to move their European tour to next year, instead of 2013 as planned.

"You have to ask yourself, what's the best time to be doing what, when and where," he said.

As a result, Metallica have signed up to play festivals in Germany as well as dates in Britain and Austria at which they play the classic record, 1991's The Black Album in full.

"Over the next few years, the dollar will be stronger and the euro weaker, and if that's the case, I want to take advantage of that by playing more of these shows now, because they will be more profitable for us," he said.

Live performances have become the music industry's bread and butter as illegal downloads continue to impact sales of albums.