Schaeuble leak: Greek proposals not good enough, wants Greece out

( — In a position paper obtained by the “Frankfurter Allgemeine Sonntagszeitung” (FAS), German Finance Minister Wolfgang Schäuble has proposed that Athens either vastly improve its bailout-linked reform plan or take a five-year “time-out” from the eurozone, the paper wrote in an article made available ahead of publication on Sunday.

The position paper, which Schäuble sent to the other eurozone countries on Saturday, reportedly criticizes the latest round of reform proposals offered by the government of Greek Prime Minister Alexis Tsipras, saying they fail to address “vitally important reform areas to modernize the country and to boost economic growth and sustainable development in the long term,” FAS said.

A spokesperson for the German Finance Ministry would not comment on the FAS report.