All in for plan B?

The chances of Greece leaving the euro are growing stronger by the day. So why don’t we know what the next stage is for the eurozone yet, asks Hugo Dixon

Unless one side blinks, Greece will be out of the single currency and any deposits left in their banks will be converted from euro into cut-price drachmas

WHEN eurozone policymakers are asked if there is a plan B to cope with a Greek exit from the single currency, their typical answer goes something like this: “There’s no such plan. If there were, it would leak, investors would panic, and the exit scenario would gather unstoppable momentum.”