European Central Bank (ECB) President has pushed for a 'more European UK' in his latest speech.

In his latest statements, ECB President Mr. Mario Draghi suggested making of a new agency to especially help the troubled banks from putting any burdens over the governments through their bailout costs.

The eurozone economies have been facing variations as Germany was witnessing a growth at a rapid rate and the economies of Italy, Spain, Portugal and Greece have been in a huge clutter.

This uneven status of the economies was a huge trouble for European Central bank, as its Fiscal policies would initiate sluggish rise in interest rates. The fiscal policy for weak economies would result in purchase of government bonds that would develop enrage among the Germans against ECB for not acting appropriately.