(Debt relief is not possible within the currency union. So Greece should have taken a timeout, get a debt relief and joins back in again)
Schäuble: We never said that Greece should leave the euro zone. We only called attention to the possibility that Athens itself can decide on taking a timeout. Debt relief is not possible within the currency union. European treaties do not allow it.
SPIEGEL Interview with Wolfgang Schäuble: 'There Is No German Dominance'
http://www.spiegel.de/international/ger ... 44233.html