Germany reiterates there will be no debt haircut for Greece

The German finance ministry rejected on Monday a weekend media report that a third aid package for Greece could include a further debt haircut.

"There is no new situation regarding Greece,» said spokesman Marco Semmelmann. Asked about the possibility of a debt writedown, he said: «I can deny that categorically."

Weekly Der Spiegel reported this weekend that Berlin was preparing the ground for a third aid package for Greece of 10-20 billion euros which could include a further haircut affecting public creditors or a «limited additional programme» involving fresh funds from the European rescue fund.