Luc Coene, a Governing Council member at the ECB, said that even if Greece was to leave the euro, Europe would unite to protect the system. "If the Greeks decide to leave, something that seems to me to be completely inconceivable ... Europe will certainly stand shoulder to shoulder to protect the system," he told the newspaper La Libre Belgique. Mr Coene said that Europe was starting to take control of its budget deficits, but that it would take time to see how effective the austerity measures put in place would be. "I think that, for the moment, we are starting to have control over the situation," he ... (full story)