UK PM chairs meeting on possible Greek exit

London - British Prime Minister David Cameron chaired a contingency meeting on a possible Greek exit from the euro zone with finance ministry and Bank of England officials on Monday, his spokesperson said.

Speaking to reporters, the spokesperson said on the risk of financial market contagion: "It's something we want to be vigilant about".

"The government had undertaken an extensive degree of contingency planning during 2012 when there were particular pressures in the euro zone involving Greece. Given the fact that you have a new Greek government ... I think now is the right time [to review this]."

British finance minister George Osborne said on Sunday that Britain was stepping up contingency planning, and that the stand-off between Greece and the euro zone was raising risks to the British economy.