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▶ REPORT: German Finance Minister Asks Greece to Leave EU – YouTube
Here is the punchline from Greek nemesis #1, Schauble:
SCHAEUBLE PROPOSES TIME-LIMITED `GREXIT’: FAZ; SCHAEUBLE SUGGESTS 5-YR GREXIT, HUMANITARIAN SUPPORT: FAZ
In other words, Germany just said kick Greece out, conditionally, for 5 years (it is not quite clear what Greece would use for currency in the meantime), quarantine it, and treat it as a third-world country until 2020. Somehow we doubt global stocks expected this outcome when they soared on Friday…