Germany Warns of Euro Exit for Greece

Germany gave its most explicit warning yet that Greece could eventually leave the euro as European Union officials try to hammer out a last-minute deal over bailout funds.

“The shadow of a Greek exit from the euro zone is becoming increasingly perceptible,” German Economy Minister and Vice-Chancellor Sigmar Gabriel wrote in a Bild newspaper opinion column to be published on Monday. “Greece’s game theorists are gambling the future of their country. And Europe’s too.”

Prime Minister Alexis Tsipras sent a delegation to Brussels for weekend talks on proposals to close differences on pensions, taxes and a primary surplus target. With positions hardening, the talks are European Commission President Jean-Claude Juncker’s last attempt to reach a compromise, according to an EU official, who asked not to be identified.

Bloomberg

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