Eurozone document: Greek 'time-out' from euro is an option
European Union (EU)
Brussels - Arab Today
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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