George Osborne and House Commons

Government officials: Cameron spokeswoman said Chancellor George Osborne had discussed the matter in the House of Commons on Tuesday, adding the authorities were taking all steps to protect ourselves from such eventualities, according to Russia Today. We are continuing to make sure we have the right plans in place and stepping up operations given where discussions have got to. Government officials held contingency planning talks in February to evaluate the possible implications of a Grexit, but they have since stepped up their preparations following revelations that Greece could default on its debts. We don’t go into the specifics of these plans but of course they will be looking at how we make sure we have looked at the impacts on business, the banks and the financial sector and tourists, she said. Of course, the potential default does present some serious economic risks, so alongside contingency plans it is about making sure we have an economy that is growing and that our public finances are in good order, she said. This is about making sure we are as prepared as we can be. (news.financializer.com). As reported in the news.