Greek ‘time-out’ from euro is an option, says eurozone document


Eurozone finance ministers included an option for a temporary Greek exit from the euro if Athens fails to agree a bailout deal, according to a document for leaders meeting in Brussels Sunday which was obtained by AFP.

"In case no agreement could be reached, Greece should be offered swift negotiations on a time-out from the euro area, with possible debt restructuring," it said. The passage is in brackets to indicate it was not unanimously approved and needs the approval of leaders.