Amidst European crisis, Germany wants to seek solace in its gold reserve, which is in the Federal Reserve Bank of New York. German ministers have been asking to bring back the country's gold and others have asked to take stocks of the reserve.

Recently German government auditors have asked the Bundesbank to have a look at the gold reserves of the country, majority of which have been kept at banks abroad amid safety purposes.

A recent report explained the take of German Finance Minister Wolfgang on whether or not Ireland would need another bailout package. Though Germany would never back out from supporting Ireland, he made it clear that they have to make sure that investors don't get a wrong signal either.

It seems that it would take a bit longer for Europe to make Euro sustainable in the long run. There is relief seen among many after the European Central Bank claimed that it might act as buyer of last resort for the bonds of troubled euro zone members, though under some conditions; there is a lot to be done to shed all fears.

Banking giant HSBC yesterday set aside another £290 million to settle its share of the mis-selling payment protection insurance (PPI) scandal.

The additional expense inflated the bank’s total PPI provision to around £750 million, but Chief Executive Stuart Gulliver still said that he doubted that it would be the final provision.