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British PM convenes meeting on Greek referendum

British Prime Minister David Cameron on Monday chaired a meeting of senior ministers and officials to assess the impact on Britain of Greece's "No" vote on its austerity package.



London: British Prime Minister David Cameron on Monday chaired a meeting of senior ministers and officials to assess the impact on Britain of Greece's "No" vote on its austerity package.

Bank of England Governor Mark Carney and Chancellor George Osborne, who will address the MPs later, were present at the meeting.

The headquarters of the executive arm of the British government said in a statement that contingency plans were already in place following the "decisive" referendum outcome, British Broadcasting Corporation (BBC) reported.

Acording to the BBC report, the British government could not "stand back" from events in Greece, with over two million Britons visiting the country each year and over 40,000 residing there.

Before the vote, Cameron had predicted Greece would leave the eurozone if it voted "No" because it would be a "very significant default and a very significant problem", and the chancellor has warned Britain "cannot be immune" from the Greek crisis.

The Greek people on Sunday overwhelmingly rejected the European Union's (EU) bailout offer with stringent conditions by 61.3 percent voting "No" to 38.7 percent voting "Yes" in Sunday's referendum.

European Union (EU) officials warned that it could see the country ejected from the eurozone. 
 

From Zee News

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