Lloyd’s preparing for euro disintegration

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In an interview with The Sunday Telegraph Mr Ward said he was concerned about the consequences of Greece leaving the Euro and what the impact would be on the Eurozone economy.

Mr Ward explained while Greece exiting the Euro would not definitely lead to the collapse of the Eurozone, Lloyd's was still preparing for that to happen.

"If we needed to switch to multi-currency settlement we can do now," he told the newspaper. "We've got multi-currency functionality and we would switch to multi-currency

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