George Osborne has defended the government's decision to talk about the possibility of Greece leaving the euro. Earlier this week Osborne said that "open speculation" of this kind was damaging to the European economy. But yesterday David Cameron floated the prospect of the eurozone breaking up at PMQs, and he raised the prospect again in a speech this morning. Asked about the U-turn in the Queen's Speech debate, Osborne said: "When eurozone central bank governors and finance ministers openly speculate on the possibility of Greek exit, then the genie is out of the bottle." He said there would be huge risks for Britain if the eurozone did break up, "but Britain will be prepared for whatever comes."
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