According to government figures, the rates of unemployment in Austria have soared to 6.5% in June from 6.3% in May. It has happened after four straight monthly falls.

According to figures from Eurostat, the rate was 4.9% in April, which was the lowest unemployment rate in the Europe. Data of Eurostat is calculated on a different basis.

China is posing risks to global economic growth as Premier Li Keqiang's three-month-old government is squeezing credit.

The People's Bank of China, which controls the world's second-largest economy's banking system, recently refused to inject more cash into the financial system, even as short-term borrowing costs are on the rise.

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.