Clouds of ash and grits from Volcano in South-eastern Iceland have paralysed air travel across much of Europe. Flights have been cancelled in countries stretching from Britain to Russia and Romania. European Air Traffic Agency said, almost two thirds of Europe's 28000 daily flights were cancelled on Friday. Virtually all of Europe's major international airports have been closed as the volcanic ash which can seriously damage aircraft engines is blown across the continent from Iceland. Millions of air travelers are stranded across Europe after flights were cancelled. Britain and Ireland have re-imposed flight bans, warning of worsening conditions throughout Saturday. The affects of the Volcano are also disrupting travelers in Asia. Officials said, more than 60 flights between Asia and Europe have been cancelled. It costs the airlines millions of dollars in the loss of revenues and hotel bills for stranded passengers.<br/>