Germany's Finance Ministry believes Greece's latest reform proposals do not go far enough and has suggested two alternative courses for Athens including a "timeout" from the euro zone, the Frankfurter Allgemeine Sonntagszeitung (FAS) reported. "These proposals miss out important central reform areas to modernise the country and to bring economic growth and sustainable development over the long term," the FAS quoted the ministry as writing in a position paper. Under the first, Athens would improve its proposals quickly and transfer assets worth 50 billion euros (36 billion pounds) to a fund in order to pay down its debt.
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