FINANCIAL TIMES: … Speaking before a key Bundestag vote on Friday, Mr Schäuble said voluntary departure from the eurozone “could perhaps be a better way” for Greece than a proposed €86bn bailout package, which was painfully assembled at a marathon eurozone summit in Brussels over the weekend…
Mr Schäuble’s manoeuvre makes clear he is leaving open a Grexit option, even as he is formally backing the latest rescue plan to keep Greece in the eurozone. It is uncertain how much leeway he has been given by chancellor Angela Merkel to advance a historic rupture of the eurozone that he believes would ultimately strengthen both Greece and the single currency…
Mr Schäuble said in a radio interview there was widespread concern — including at the International Monetary Fund — that Greece needed a debt cut for the rescue to work. But, he noted, a “debt cut is incompatible with membership of the currency union”… (more)
EDITOR: Are the German’s finally waking up what is obvious and has been for years
