Germany rejects the idea of Greece exiting the euro, a country’s finance ministry spokesman said on Monday.
It would be a “bad sign” for the Eurozone and also wouldn΄t serve as a “Plan B” in the event that current measures for Greece fall through or prove insufficient, according to the German official.
Reform measures agreed with Greece are a difficult and sometimes painful process which has already shown first successes, he said.
Additionally, another spokesman said that talks between the German government and private sector creditors regarding their participation in a debt extension or rollover plan for Greece are ongoing and in general “welcome”.
“The German government generally welcomes suggestions from the private sector on private creditor participation, like the ones that have come from France,” he said at a press conference.
(source: capital)
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