Some in German Government Preferred Temporary Grexit, Says German Finance Minister

Brussels: Some in the German government would have preferred a temporary Greek exit from the euro zone, German Finance Minister Wolfgang Schaeuble said today, without saying if he was among that number.

"There are many people, including in the federal government, who are quite convinced that in the interests of Greece and the Greek people that what we wrote down would have been much the better solution," Schaeuble said when asked about a German proposal on a "time-out" for Greece from the euro zone.

"We wrote down all the possibilities to solve the problem and we discussed that too," Schaeuble told a news conference.