EU urges Greece to stay in euro, plans for possible exit

(Reuters) - European Union leaders, advised by senior officials to prepare contingency plans in caseGreece decides to quit the single currency, urged the country to stay the course on austerity and complete the reforms demanded under its bailout program.

After nearly six hours of talks held during an informal dinner, leaders said they were committed to Greece remaining in the euro zone, but it had to stick to its side of the bargain too, a commitment that will mean a heavy cost for Greeks.