ECB's Coene says euro zone exit possible in theory: paper

(Reuters) - A country could in theory leave the euro zone if it wanted to, European Central Bank policymaker Luc Coene said, but he added that he could not imagine which nation would want to do so.

Scottish independence 'Yes' camp 'deluding itself' on currency union

Scottish independence advocates are “deluding” themselves if they believe that the country would be allowed to remain in a currency union with the UK whilst controlling its own financial affairs, one of Europe’s major banks has said.

Standard & Poor's hikes Greek rating by 6 notches

ATHENS: Standard & Poor's ratings agency on Tuesday upgraded Greece's credit grade by 6 notches, yanking the debt-heavy country out of default but still keeping its devalued bonds in junk status.

Eurozone's private sector hit for a fifth month

The eurozone’s woes continued as the debt crisis dragged the region’s manufacturing and services sector down for a fifth consecutive month in June.

Moody's Issues Credit Warnings To 9 European Countries, Austria, France and U.K. Among Them

Britain's AAA credit rating was thrown into doubt after the ratings agency Moody's said the ongoing euro crisis and a credit squeeze on the banking sector put the country at a higher risk of defaulting on its debts.Moody's credit agency has cut the credit ratings of nine European countries including the U.K.