EU confronts spectre of Greek euro exit

World leaders were scrambling for new ways to prop up the euro last night even as they prepared for the possible exit of Greece from the single currency. As George Papandreou, the Greek Prime Minister, offered to abandon a threatened referendum on Greece’s bailout package amid a bitter Cabinet power struggle, senior European figures conceded for the first time that contingency plans were being put in place in case Athens returned to the drachma. In a sign of how perilous the debt crisis has become, Jean-Claude Juncker, chairman of the eurozone finance ministers, admitted that there was detailed preparation had been made for a potential Greek departure — previously a taboo subject given that membership of the euro was meant to be legally irreversible.“We are working on the subject of how to ensure there is not a disaster for the people in Germany, Luxembo

  • Greek Prime Minister George Papandreou returns to an emergency cabinet meeting
    George Papandreou at the Greek Parliament yesterday AP
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  • George Papandreou
    The Greek Prime Minister appeared to have shelved referendum plans AFP
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  • George Papandreou
    The Greek opposition continued to call for him to resign AP
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  • Riot police were braced for protests outside the parliament in Athens Times photographer, Peter Nicholls
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  • European figures have contingency plans in case Greece has to return to the drachma AFP
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  • A European Union flag waves over the Parthenon in Athens EPA
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  • David Cameron (R) talks to U.S. President Barack Obama (2ndR) German Chancellor Angela Merkel (L) and France’s President Nicolas Sarkozy
    World leaders have gathered in Cannes for the G20 summit Reuters
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  • Nicolas Sarkozy, German Chancellor Angela Merkel, US President Barack Obama and British Prime Minister David Cameron
    Nicolas Sarkozy and Angela Merkel with Barack Obama and David Cameron EPA
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Prince’s wall of secrecy starts to crack

The secrecy surrounding the Prince of Wales’s activities was ordered to be lifted yesterday with a court ruling that the heir to the throne should, in some circumstances, be regarded as a civil servant. The Prince’s Duchy of Cornwall, which owns over 130,000 acres of land and provides the heir with an £18 million annual income, is a public authority and hence subject to the same rules of disclosure as other bodies, according to a First-tier Tribunal. In a decision that could have far-reaching consequences for the Prince’s business interests, the tribunal on information rights has ordered the Duchy of Cornwall to disclose environmental information about an oyster farm it leased out. The Duchy had refused the original request for information about Port Navas from an environmentalist, Michael Bruton, arguing that the organisation was an “entirely private


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Hospitals, schools, benefits offices and driving centres face massive disruption on November 30 after Britain’s biggest public sector union voted in favour of strike action over pension changes. Unison members voted by three to one to back a walkout that could involve up to a million social workers, nurses, care assistants, school dinner ladies and teaching assistants. The ballot, the biggest in the union’s history, means nurses and health care assistants could strike for the first time in 30 years. With 14 other unions now likely to join the industrial action, up to two million workers, including 300,000 teachers, could take to the streets. Unison said 245,358 local government and health members had voted in favour of action, with 70,253 against. But ministers immediately seized on the turnout of 29 per cent, and claimed that it showed limited support

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