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Britain steps up eurozone breakup plans

Britain is stepping up its contingency plans in case the eurozone breaks up, even though analysts believe that only Greece is currently at risk of departing the 17-nation bloc over the debt crisis. A senior official at Britain’s financial watchdog, the Financial Services Authority, said Thursday that Britain’s banks were…

Eurozone crisis over in ‘two to three years’

The head of the European Financial Stability Facility (EFSF), Klaus Regling, believes the eurozone will overcome its current debt crisis by 2014. “One can justifiably expect the crisis to be over within two to three years,” he told the magazine Spiegel out Sunday. “In all eurozone countries the fundamentals are…