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G20, Europe make contingency plans for Greek default

Published by Steve Coleman on November 03, 2011

The rest of Europe is making contingency plans for the possibility Greece may slip out of the euro zone.

G20 leaders gathered in Canned, France for two days of talks meant to ease investors' fears have had to deal with Greece's plans to hold a referendum on the bailout and the possibility the country could leave the economic union.

During the second day of the two-day gathering, delegates are expected to look at ways to build barriers between Greece's economic problems and the countries that stand to lose money if the government defaults on its loans.

Reuters takes a deeper look at the issue.

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