No debt relief for Greece, Germany`s deputy finance minister says

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A survey published on Friday showed around half of people in Germany, Europe`s paymaster, are against granting debt relief to Greece.
The IMF has called for Greece to be granted substantial debt relief, but this is opposed by Germany, which makes the largest contribution to the budget of the European Stability Mechanism (ESM), the euro zone`s bailout fund.
Inspectors from the European Commission, the ESM, the IMF and the European Central Bank are due to return to Athens this week.
Spahn, a senior member of Chancellor Angela Merkel`s conservatives, said Greece`s problem was a lack of growth rather than debt and giving Athens debt relief would upset other euro zone countries such as Spain that had to deliver tough reforms.
Greece and its creditors agreed on Monday to further reforms by Athens to ease a logjam in talks with creditors that has held up additional funding for the troubled euro zone country.

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