German authorities assume the withdrawal of Greece from the eurozone. According to journalists, German Chancellor Angela Merkel and Finance Minister Wolfgang Schaeuble, who previously opposed Greece's withdrawal from the eurozone, now are ready to consider such a scenario.
It is reported that the German authorities believe that the measures taken in 2012 at the the peak of the crisis in the eurozone, will minimize the negative consequences of Greece's refusal from the single European currency.
The question of the withdrawal of Greece from the eurozone may arise in the event that the parliamentary elections to be held in the country on January 25 are won by the opposition party SYRIZA led by Alexis Tsipras. SYRIZA party leader said he was ready to abandon the austerity measures imposed in Greece at the request of international creditors.
It is to be recalled that in 2010 Greece was actually on the verge of bankruptcy because of the huge budget deficit and had to seek help from international creditors. Since 2010, Greece has received financial aid totaling 240 billion euros. In exchange for the help, the creditors demanded that the Greek authorities adopt austerity measures, extremely unpopular ones among the population.
