Is Germany preparing for a temporary Grexit?

[reorg]

Source: Deutsche Welle

es/sms (AP, dpa)

In a position paper obtained by the "Frankfurter Allgemeine Sonntagszeitung" (FAS), German Finance Minister Wolfgang Schäuble has proposed that Athens either vastly improve its bailout-linked reform plan or take a five-year "time-out" from the eurozone, the paper wrote in an article made available ahead of publication on Sunday.

The position paper, which Schäuble sent to the other eurozone countries on Saturday, reportedly criticizes the latest round of reform proposals offered by the government of Greek Prime Minister Alexis Tsipras, saying they fail to address "vitally important reform areas to modernize the country and to boost economic growth and sustainable development in the long term," FAS said.



...

The German proposal reportedly concludes that Tsipras' latest proposals cannot serve as the basis for the new three-year loan Athens wants. Schäuble offers two alternative paths for proceeding forward: either Greece makes some swift and comprehensive changes to its proposals, or allow Greece to leave the eurozone for at least five years and restructure its debt.

For the former solution, Schäuble suggested that Greece could, for example, transfer 50 billion euros ($56 billion) worth of assets to a trust that could be sold to reduce the nation's debt. If they opted for the second suggestion, Schäuble reportedly wrote that they could combine the five-year "Grexit" with "growth-enhancing, humanitarian and technical support" from the European Union.

Read more: http://www.dw.com/en/is-germany-preparing-for-a-temporary-grexit/a-18579355

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Funny, most commentators say that Syriza has already capitulated, sold out, and now this?

Sell us 50 billion euros worth of assets, or more, and everything will be fine.

[PoliticAverse]

1. He looks angry, "like an old man trying to return soup at a deli". n/t

[Igel]

2. Yeah, but probably a stock photo.

They choose it because he looks stern and angry. For all I know there are no smiling ones, but if so that would hardly be the one an editor is likely to choose.

[reorg]

3. Well, I thought it was fitting

But he can also smile and laugh:

[PoliticAverse]

4. This one will be his face when Greece leaves the Euro...

[reorg]

5. Greens spokesperson Manuel Sarrazin says

Schäuble's last-minute 'proposal' (demand) is unconstitutional (violates GG §23).

The federal parliament must be informed before proposals for EU decisions are brought forward by the government.

[roamer65]

6. Has a sort of Imperial German feel to it, doesn't it?

I think we made a mistake allowing Germany to reunify. The French had better start the plans for Eurozone exit.