Germany mulling �temporary Grexit� plan

AFP, BRUSSELS:  Germany has drawn up plans for a temporary five-year Greek exit from the euro if it fails to improve its bailout proposals, a European source told AFP Saturday as eurozone finance ministers met in Brussels.
“It’s an internal paper, it was not distributed today (at the eurozone meeting). There were two options: an improvement of the proposals, or temporary ‘Grexit’,” said the source, who had seen the paper.
Hardline Germany is leading a chorus of scepticism as eurozone finance ministers study leftist Greek Prime Minister  Alexis Tsipras’s new reform plan for a third rescue package worth more than 80 billion euros ($89 billion).
The European source was commenting on a report in the Frankfurter Allgemeine Sonntagszeitung newspaper that said the plans appeared in a one-page German finance ministry “position paper” which was handed to other member states.

Germany mulling �temporary Grexit� plan

AFP, BRUSSELS: Germany has drawn up plans for a temporary five-year Greek exit from the euro if it fails to improve its bailout proposals, a European source told AFP Saturday as eurozone finance ministers met in Brussels. Its an internal paper, it was not distributed today (at the eurozone meeting). There were two options: an improvement of the proposals, or temporary Grexit, said the source, who had seen the paper. Hardline Germany is leading a chorus of scepticism as eurozone finance ministers study leftist Greek Prime Minister Alexis Tsiprass new reform plan for a third rescue package worth more than 80 billion euros ($89 billion). The European source was commenting on a report in the Frankfurter Allgemeine Sonntagszeitung newspaper that said the plans appeared in a one-page German finance ministry position paper which was handed to other member states.