The German finance ministry seems to be preparing a plan for the possible default of member-states, according to German magazine “Der Spiegel”.

The magazine claims that the continued crisis in Greece brings forth an older plan composed by Wolfgang Schaeuble, which aims at a smooth debt restructuring in case of bankruptcy of a Eurozone member state, in order to ensure that the Union remains in proper working order.

The cost of this restructuring will burden investors bearing T-bills of the affected member state, which also aims at making certain that a “weaker” country will not be able to “blackmail” other member-states with sound economies.

According to Der Spiegel, the plan was first composed five years ago, but was left untouched.