Germany mulling 5-year 'temporary Grexit' plan

GMT 17:16 2015 Saturday ,11 July

Arab Today, arab today Germany mulling 5-year 'temporary Grexit' plan

Germany's Finance Minister Wolfgang Schaeuble
Brussels - Arab Today

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.

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