MOSCOW (Sputnik) — Eurozone finance ministers recommended the leaders of the European Union to propose Greece to temporarily exit the eurozone in case the sides fail to reach agreement on the Greek bailout program, RIA Novosti reported Sunday, citing a draft Eurogroup agreement.
Earlier in the day, the eurozone finance ministers met in Brussels to discuss the Greek debt crisis and find possible solutions to it.
"In case no agreement could be reached, Greece should be offered swift negotiations on a time-out from the euro area, with possible debt restructuring," the conclusion part of the agreement reads.
The July 5 referendum, in which the Greeks voted against the bailout deal, sparked a new wave of speculation about Athens’ possible exit from the eurozone.
On Thursday, Athens presented a revised plan that includes some of the creditors' requirements, including tax cuts and pension reforms.
Earlier on Sunday, French President Francois Hollande ruled out the possibility of a temporary Grexit.
