Monday, January 16, 2012

UK Government had devised contingency plans to evacuate British citizens from Europe in the event of financial meltdown

William Hague said yesterday that Britain was braced for fresh disasters in the eurozone as markets looked set to plunge after France was stripped of its coveted Triple A credit rating.

The Foreign Secretary said the Government had devised contingency plans to evacuate British citizens from Europe in the event of financial meltdown.

He compared the plans to those used to bring home Britons who had been on the stricken cruise ship Costa Concordia.
He spoke out as experts warned Greece was set to default on its debts in March unless another bailout was organised.

Markets reopen today for the first time since the humiliating downgrade of French debt, announced by rating agency Standard & Poor’s after dealing floors had closed on Friday.

In addition to marking down France, S&P also demoted Italy, Spain, Austria and five other eurozone countries. Read More