Another source said that the European Stability Mechanism (ESM), which offers states up to 500 billion euros emergency bailout, is an „effective“ rescue tool while the major banks are expected to be protected by the banking union.
According to Der Spiegel report, the German government considers Greek exit from the eurozone a practical possibility if the leftwing opposition, headed by Alexis Tsipras‘ Syriza party, wins on January 25.