Reserve Bank of Australia warned that the new financial turmoil in some European countries may pose a risk to Asian growth.

Senior Reserve Bank of Australia (RBA) on Thursday said the EU measures to boost the Greeks with some way to restoring investor confidence has failed, and doubt arise again.

“Although recently there was a kind of confidence that Europe will again stable, concerns about public finances could happen again,” said the RBA’s assistant governor, Philip Lowe, in a speech to investors in Sydney.

Greece is currently grappling with the debt crisis amid which threatens the entire economy of the European Union. Read the full story