Eurozone document: Greek 'time-out' from euro is an option

GMT 17:12 2015 Sunday ,12 July

Arab Today, arab today Eurozone document: Greek 'time-out' from euro is an option

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Eurozone finance ministers included an option for a temporary Greek exit from the euro if Athens fails to agree a bailout deal, according to a document for leaders meeting in Brussels Sunday which was obtained by AFP.

"In case no agreement could be reached, Greece should be offered swift negotiations on a time-out from the euro area, with possible debt restructuring," it said. The passage is in brackets to indicate it was not unanimously approved and needs the approval of leaders.

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