Germany's EU commissioner Guenther Oettinger in a Bild interview to be published on Tuesday

via Reuters

  • Said the Greek government would probably have to start issuing IOUs to pay wages and pensions and settle outstanding accounts
  • Doing so would render Greece unsuitable to remain in the currency union
  • "An insolvent country that introduces a parallel currency does not fit into the euro zone."
  • Said it made no sense to hold fresh talks with Greece if Athens continued to reject reforms