The German government has changed its tone over the possible exit of Greece from the eurozone approving such scenario in case of emergency, Der Spiegel magazine said January 3, 2015 citing sources in Germany’s government.
Chancellor Angela Merkel and Finance Minister Wolfgang Schaeuble came to the conclusion that Greece’s rejection of the euro area would be acceptable. Earlier, their position on Greece was quite the opposite. However, eurozone’s recovery allowed them to change their opinion.
According to Der Spiegel, the Greek exit would be inevitable in case Alexis Tsipras, the head of Syriza, the radical left party, wins Greek parliamentary elections. He pledged to abandon austerity measures and to obtain a review of agreements with international creditors.
The chancellor’s press service and Finance Ministry had no immediate comment on the information provided by the magazine, DPA said.
