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Jeremy Warner, Daily Telegraph:
What preparations are being made by the Bank of England for a eurozone break-up, and what would the initial stages of any crisis response look like?
Mervyn King:
Well, I think you'll understand if I don't want to speculate in any great detail, not least because I don't want to fan the flames that are already seen vividly in the euro area at present. Contingency plans are being discussed, and have been for some considerable time, between the government, the Bank of England and the FSA, and that will continue.
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