Eurogroup offers leaders choice of words on Grexit - document

BRUSSELS (Reuters) - The Eurogroup of finance ministers offered their leaders a choice of wording on Sunday if a deal cannot be struck on a bailout for Greece - giving Athens a "time-out" from the euro zone and possible debt writeoffs. A four-page document from the ministers, being reviewed at a summit of euro zone leaders and seen by Reuters, concludes a long list of conditions for Greece to get a programme -- most of them apparently agreed to by Athens -- by offering two possible conclusions, both contained within drafters' square brackets. The first is that a bailout from the euro zone is approved. The second reads: "In case an agreement could not be reached, Greece should be offered swift negotiations on a time-out from the euro area, with possible debt restructuring." That wording closely echoes a position paper presented to the Eurogroup on Saturday by German Finance Minister Wolfgang Schaeuble. (Reporting by Julien Ponthus; Writing by Alastair Macdonald; Editing by Louise Ireland)