Osborne: UK preparing for Greek exit

Speaking at the IMF Article IV consultation, its annual look at the UK economy, the Chancellor said the government is preparing for the worst-case scenario as the crisis in the eurozone enters a crucial stage. "The British government is doing contingency planning for all potential outcomes - it's our responsibility to ensure the best while preparing for something worse," said Osborne. He added problems in the single currency region are reaching a "critical" point. "The eurozone countries need to stand behind its currency or face up to the prospect of Greek exit, with all the risks ...