Creditors draw up emergency measures in case of Greek default
by Ian Traynor in Brussels and Helena Smith in Athens from on (#CHNY)
Eurozone finance ministers to plan for economic breakdown and social unrest if Greece does not accept terms for five-month bailout extension
Eurozone finance ministers and Greece's creditors are to draw up emergency measures on Saturday to cope with a default by the debt-ridden country unless the Greek prime minister, Alexis Tsipras, accepts the creditors' terms for a five-month extension of Athens' bailout.
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