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Luxembourg warns Germany a Grexit would be catastrophic| Reuters

Jul 12, 2015    

BERLIN Luxembourg warned Germany on Sunday of a "catastrophe for Europe" if it pushed for Greece to leave the euro zone as the idea of a temporary exit gained traction with some of Chancellor Angela Merkel's conservatives.Luxembourg Foreign Minister Jean Asselborn's comments came after Germany argued that Greece could take a five-year "time-out" from the euro zone and have some of its debts written off if Athens fails to improve proposals it has made for a bailout. "It would be fatal for Germany's reputation in the EU and the world if Berlin does not now seize the chan...

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