The Telegraph is reporting that the Ministry of Defence has been consulted "about organising a mass evacuation if Britons are trapped in countries which close their borders, prevent bank withdrawals and ground flights."
A eurozone unravelling would affect the UK's top banks which have considerable exposure to the eurozone in loans. The Centre for Economic & Business Research estimates a eurozone break-up would also drag a full percentage point down off UK growth, probably causing the UK to experience a severe recession.
ReformLast week the ECB lend banks a massive €490bn in super-cheap three-year loans, hopefully cutting the risk of further credit seizures. Meanwhile many investors remain unconvinced that the EU-bloc has a strategy to deal with the debt worries.
Greece, if goes under, can still be managed due to its size. Italy though is a very different matter.