German Chancellor Angela Merkel has ruled out the possibility of offering Greece more debt relief and stated that she doesn't see "a further debt haircut" in the debt-ridden country's future.
Merkel's comments came as she and her finance minister Wolfgang Schaeuble announced that they were rejectingthe new Greek government's demands to write off part of its 320 billion euro ($360 billion) debt.
She told German's daily newspaper Die Welt: "There was already a voluntary waiver by private creditors; Greece has already been exempt from billions by the banks."
There are complex and contradictory ideas swirling through Germany as it digests the election in Greece. It’s a complex story.
As the Greek Prime Minister is sworn in, we take a look at the main planks of his party's economic plan for the country.
As election day looms in Greece, people affected by the country's economic struggles tell ITV News how they feel about their prospects.