Germany reportedly preparing for Greece exit from eurozone

Fox News ^ | 07/12/15

[Enlightened1]

Germany has reportedly began preparing for Greece to be rejected from the eurozone, as the European Union faces less than 24 hours to save the country from collapse.

Greece failed to give its creditors in the 19-country eurozone proof that it can deliver on its promises to implement tough austerity and reform measures in return for billions more in bailout money.

Finance ministers canceled a European Union summit meeting Sunday in an effort to do everything it takes to get a deal done or to decide to eject Greece from the eurozone.

Should a deal fall through, The Telegraph reports the German government has prepared to negotiate a temporary five-year euro exit, giving the country humanitarian aid while it makes the transition. The plan backed by Germany’s finance ministry gives Greece two options: either submit a proposal to make drastic changes such as placing 50 billion euro in a trust fund of sorts to pay off its debts and have Brussels take over its public administration or agree to a temporary exit from the eurozone.

German vice-chancellor Sigmar Gabriel said it was the only options Greece has in the matter as creditors voiced mistrust with Athens, a week after the Greek government held a referendum in which it urged voters to reject bailout conditions that it now has signed up to.

The Greek government denied the report. Theodoros Mihopoulos, who heads Greek Prime Minister Alexis Tsipras' office, said in a tweet that the report "is completely denied."

[blueunicorn6]

The Greek money problem came to the forefront because a clerk in Athens saw a satellite photo of Athens and noticed all the backyard pools. You have to buy a permit (pay a tax) to put in a pool in Athens. Nobody had bought a permit.

Now, Greece is in trouble.

The solution?

POOL PARTY!!!!!

[RossA]

Yes, this was great for the tarpaulin retailers...to fool the helicopters.