The Traderszone Network

Published in TZ Latest News 25 April, 2015 by The TZ Newswire Staff

Germany hints at preparations of a Plan B on Greece

German Finance Minister Wolfgang Schaeuble hinted on Saturday that Berlin was preparing for a possible Greek default, drawing a parallel with the secrecy of German reunification plans in 1989. At a briefing with reporters after a tense meeting of euro zone finance ministers on Greece on Friday, Schaeuble was asked if euro zone finance ministers were working on a “Plan B” in case negotiations on funding with cash-strapped Athens fail. To explain his position, he drew a parallel with the secrecy that was necessary during the initial stage of planning for German reunification in 1989.

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