By Daily Mail Reporter PUBLISHED: 03:08 EST, 25 May 2012 | UPDATED: 10:35 EST, 25 May 2012 A secret East German-style rescue package is being cooked up by Germany as the eurozone's 'engine-room' desperately bids to save the single currency. German chancellor Angela Merkel is preparing a six-point plan that aims to revive Greece in the same way East Germany was developed after the fall of Communism. Der Spiegel reports that it will see ailing countries transformed through privatisations, soft investment rules and the relaxation of employment laws. Hit: France, led by Francois Hollande (left), and Germany, led by Angela Merkel (right) are usually known as the engine-room of the eurozone, but are now also suffering from the economic slowdown
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Aims to revive Greece in same way as East Germany after Communism
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Ailing countries to be transformed via mass privatisations
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Germany's private sector worryingly in decline for first time in six months
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France's slump in same sector is the steepest for just over three years
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Gives urgency to keeping Greece's debt crisis from tearing euro apart
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Euro bonds splits growth-led France and austerity-pioneers Germany
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Spain ponders creating single nationalised bank out of its failed lenders
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Greek election 'has become referendum on austerity measures'
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It is likely to provoke outrage in @placeholder because of it's 'behave more like the Germans' message.
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The employment market would also be restructured along @placeholder lines, with a job protection loosened.
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Common euro bonds, which would allow weaker nations like Greece to borrow with the collective backing of the bloc, have been placed back on the agenda as @placeholder's possible exit looms larger.
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Trip: Hollande visited some of the @placeholder troops he wanted to pull out later this year