Germany rejects Greek loan request as 'not substantial'
Germany has rejected a Greek request for a six-month extension to its eurozone loan programme, after earlier signs that a compromise was possible.
Greece had sought a six-month assistance package, rather than a renewal of the existing deal that comes with tough austerity conditions.
However, a German finance ministry spokesman said it was not a substantial proposal for a solution.
The European Commission had earlier called the Greek request positive.
Greece faces the possibility of running out of money by the end of the month without a deal.