The German chancellor’s most important plan is not put away in a drawer. It is not saved on a computer hard drive, and you can’t download it from the Internet. Officially, it doesn’t exist.
It is the Plan B – B for bankruptcy of Greece, a sovereign debt default that could bring the country’s long-running fiscal odyssey in the euro zone to a close.
The plan is known to Chancellor Angela Merkel, the German economics minister, Sigmar Gabriel, and to Finance Minister Wolfgang Schäuble. Christine Lagarde, managing director of the International Monetary Fund is privy to it, as is Mario Draghi, president of the European Central Bank.