According to reports, the world's biggest banks need to boost their capital by 115 billion Euros ($155 billion). This is required so that the banks are able to comply with tougher rules.

More than 60% of the shortfall is in Europe, where the lenders have been slower to strengthen.

Chamber of Commerce Head Christoph Leitl has triggered a debate all over the nation by his statement that Austria is `going to the dogs'.

During last five years, when almost all the countries falling under Euro Zone were having a tough time in dealing with the economic crisis, there were very little problems faced by this prosperous country.

The International Monetary Fund (IMF) has said that Austrian banks are very vulnerable in the Eastern Europe countries; hence reforms on work incentives along with the reforms on pensions and subsidies are needed.

Finally, a response from the European Union was witnessed on Saturday on Syria attack. It said that there is clear evidence that Syrian President Bashar al-Assad's government ordered a huge chemical weapons attack in Damsacus.

In a statement from the European Union, it was noticed that there was no clear evidence of the proclivity for the US military strike but it did back the cause.