BBC News - Bank of England has 'Greek default contingency plan'

BBC News - Bank of England has 'Greek default contingency plan': "The Bank of England has a contingency plan in place in case Greece defaults on its debt payments, its governor Sir Mervyn King has said.

Speaking before the Treasury Committee, he would not say how likely he thought a default would be, but added that the markets put the risk at 80%.

Sir Mervyn said the concern was how UK banks could be affected by knock-on effects of any Greek default.

However, he did not reveal any details of the Bank's contingency plan."