Schaeuble Said to Be Preparing Greek Default Options for Germany

German Finance Minister Wolfgang Schaeuble is making contingency plans for a breakdown in aid talks with Greece, lawmakers said, signaling that Germany is preparing for a possible Greek default.

Schaeuble told the lower house’s Finance Committee that, while he remains hopeful Greece and its creditors will reach an aid agreement by June 30, the German government is also preparing for failure, according to two lawmakers who were present. Both asked not to be identified because the meeting on Thursday was held behind closed doors.