ECB, Commission 'making plans' for Greek euro exit

The European Central Bank and the European Commission are both preparing for a Greek exit from the euro, according to reports today.

18th May, 2012
Greece: euro exit being contemplated in European Commission

The European Central Bank and the European Commission are both preparing for a Greek exit from the euro, according to reports today.

The Belgian newspaper, De Standaard, quoted the EU Trade Commissioner, Karel De Gucht, as saying that contingency plans were under way to avoid a "domino effect" hitting the currency and other eurozone countries.

"Today, whether within the European Central Bank or the European Commission, services are studying emergency scenarios where Greece cannot manage,"...

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