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German foreign ministry: Solution on Greece must be found by Sunday

German foreign ministry: Solution on Greece must be found by Sunday

German foreign ministry: Solution on Greece must be found by Sunday

A solution on the problem of Greece must be found by Sunday, German finance ministry spokesman Martin Jaeger said on Wednesday, when asked if the introduction of a parallel currency in Greece was being considered.

"Yesterday it was made clear that, if there is no solution by Sunday, then we may have to think of other scenarios," Jaeger said.

The spokesman said that the German finance ministry was following developments and that the issue was now Greece's application for financial aid from the European Stability Mechanism (ESM).

Asked if the German government had a plan for a possible Grexit, Jaeger noted that the German government was prepared for every development and "waiting calmly for the developments of the next few days."

He repeated that Germany sees no need for a haircut of Greece's debt or other measures that would reduce the value of the loans, noting that German Chancellor Angela Merkel has clearly stated that there is "absolutely no basis for such a discussion."