“Some people in the government are of the view that this would be, or could be the better solution for Greece and its people, but of course under the condition that the decision on this is taken by Greece,” Schaeuble said when asked whether an exit would be a better solution for Greece than yet another bailout.
Greece’s euro-region peers cited an exit from the monetary union as an option alongside other alternatives in a draft document for publication after a leaders’ meeting, Schaeuble said following a two-day gathering of finance ministers from European Union countries.
He declined to say whether he’s confident that Greece won’t need a fourth program after the third bailout package that’s being prepared at present.
As a pre-condition for creditors to begin talks on a new loan of as much as 86 billion euros ($94 billion), Greek Prime Minister Alexis Tsipras needs parliamentary backing for a bill that contains sales-tax increases and pension cuts that go against his own Syriza party’s pledges.
Greece carries the risk of failure of negotiations that could last for more than four weeks and must contribute to solving its short-term funding problems that require bridge financing, Schaeuble said.
European Commission suggestions, rejected by EU members such as the U.K., to tap an EU fund don’t help Greece, he said.
“Playing blame games isn’t appropriate, given the urgency” to find bridge financing, Schaeuble said. “It’s a challenge for which we have to find a solution this week if we want to avoid a dramatic situation on Monday.”
bloomberg.com
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