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May 23, 2012 | | BOILING POINT Angry unions, ugly scandals, protesters, and the new gay-marriage ban could make for an ugly backdrop for the Democratic convention in Charlotte, writes The Daily Beast’s Matt Taylor. YIKES Euro-zone officials have told the currency members to prepare contingency plans should Greece exit the euro, sources told Reuters on Wednesday. Officials said experts who work for the currency bloc’s finance ministers said that each country should prepare an individual contingency plan should Greece exit the euro. Meanwhile, Germany’s largest bank, Bundesbank, said Wednesday that the 17-country euro zone would be able to cope if Greece does not implement austerity measures—something that the European Union has been saying is not an option. Bundesbank wrote in its monthly report that though the situation with Greece is “worrying,” the challenges, while “significant,” will be “manageable.” COVERUP Facebook shareholders filed a lawsuit on Wednesday against Facebook, its chief executive Mark Zuckerberg, and several banks led by Morgan Stanley for hiding weakened growth forecasts for the social network ahead of its initial public offering. The suit alleges that the company and the banks tried conceal that there was a “severe and pronounced reduction” in Facebook’s revenue-growth forecasts just ahead of the social network going public. The suit comes just one day after regulators said they would be investigating the issues surrounding Facebook’s debut on the market. LEVESON INQUIRY BBC TV anchor Jeremy Paxman has told the Leveson Inquiry that Piers Morgan taught him how to hack a phone. Paxman claims the former Daily Mirror editor gave him tips back in 2002 during a lunch at the Mirror's offices. Morgan had previously told the Inquiry he had no knowledge of hacking during his tenure at the Mirror from 1995 to 2004. In other news, police are investigating alleged hacking in 2006 of voice messages from former News of the World editor Andy Coulson to an aide of the former home secretary. BACKLASH A Pakistani doctor who reportedly ran a fake vaccination campaign that helped the U.S. capture Osama bin Laden has been sentenced to at least 33 years in prison, a Pakistani local government official said Wednesday. The official said Shakil Afridi had been charged with treason. The vaccination campaign helped lead the CIA to bin Laden before U.S. forces killed him in a raid last year. | | 
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