Dragasakis reply to renewed Schaeuble 'Grexit' references on Facebook

"He saying, or rather letting it be understood, 'exit the eurozone for a while and escape some of your debts'.

That part is the 'carrot' but behind it comes the 'stick'. The 'stick' in this case is official default, harsh memorandums of unlimited duration, resort to the 'Paris Club' and endless court battles with a multitude of creditors," Dragasakis said.

He also noted that there now appeared to be general agreement among all parties involved that Greece's debt was not sustainable, which had been the Greek government's position all along.

"Within the existing framework there are technical options that could relieve the Greek economy and society of the excessive debt burden, putting into a growth trajectory. We will seek to exploit these fully, methodically and with persistence, to defend the long-term interests of Greece and Europe," Dragasakis added.