EU officials 'preparing Greece-exit contingency plans'

Eurozone officials have agreed that each Euro country must prepare a contingency plan to cater for the possibility of Greece's exit from the single currency.

News agency Reuters quoted two Eurozone officials in reporting that the agreement was reached during a teleconference of the Eurogroup Working Group (EWG).

The EWG consists of officials who prepare meetings of finance ministers. It also includes members of the board of the European Financial Stability Facility (EFSF).