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Osborne: Time to 'prepare for the worst' in Greek crisis

Chancellor George Osborne has said it is time to "prepare for the worst" as he urged the Greek government to do a deal with its lenders.

Arriving in Luxembourg for a meeting with EU ministers, Mr Osborne said Britain has "taken measures" to protect against a Grexit" by Athens from the single currency.

Meanwhile, Greek Prime Minister Alexis Tsipras insisted that there will be a solution to the debt crisis which will allow his country to return to growth.

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Greek PM pledges solution to debt crisis

Greek Prime Minister Alexis Tsipras has said there will be a solution to the debt crisis which will allow his country to return to growth while staying in the Eurozone.

Alexis Tsipras Credit: Reuters

He also welcomed a planned Eurozone emergency summit on Monday that will try to avert a Greek default.

In a statement Mr Tsipras said: "The (Eurozone) leaders summit on Monday is a positive development on the road toward a deal.

"All those who are betting on crisis and terror scenarios will be proven wrong.

"There will be a solution based on respecting EU rules and democracy which would allow Greece to return to growth in the Euro," he added.

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Osborne: Time to 'prepare for the worst' in Greek crisis

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