In order to reduce the rising speculations over the bribery case, Austrian Central Banker has resigned. Austrian National Bank Deputy Governor Wolfgang Duchatczek has resigned. He gave his resignation letter on Tuesday.

On Thursday, the finance ministers from the European Union began carrying out negotiation on rules in order to save the failing banks.

The officials from the Euro zone and the International Monetary Fund have raised concerns over the aid to Greece saying that they may suspend it by the July end if the political turmoil kept the monitors from completing the review of economy of the country.

European Central Bank President Mario Draghi flagged the central bank's readiness to act, as recent signs of stabilization in the Euro zone have proved that its interest rates are a more effective tool again.

He said this during a farewell conference for Bank of Israel Governor Stanley Fischer in Jerusalem. Draghi said that ECB could take numerous measures when needed.

According to reports of Policy Exchange, some £34bn of the Government's £48bn holding in Lloyds Banking Group and Royal Bank of Scotland should be given to 48 million Britons. The chancellor's think tank has claimed that the Coalition should distribute shares in state-owned banks to taxpayers ahead of the next general election.