In Paris on Sunday after meeting with French counterpart Michel Sapin, Bloomberg reported that Varoufakis told journalists Greece is "not going to ask for any more loans," before a May deadline set by his government to agree a new deal on the country's bailout, adding that "during this period, it is perfectly possible in conjunction with the ECB to establish the liquidity provisions that are necessary."
Meanwhile, Tsipras, whose government is demanding that more than half of the country's €315bn debt be written off by its creditors, sought to give assurances to European politicians and jittery investors alike after a week in which the value of Greek stocks declined dramatically. "No side is seeking conflict and it has never been our intention to act unilaterally on Greek debt," Deutsche Welle reports the Prime Minister said in a statement before Varoufakis left for Paris.
Ahead of Sunday's meeting AFP reported French Finance Minister Sapin echoed Merkel's sentiment, but added that there was some room for flexibility on the terms of the bailout. "We can discuss, we can postpone, we can alleviate. But we won’t cancel it."
In spite of such setbacks, Greek politicians remain upbeat about their chances of making a deal, with Varoufakis in Paris expressing his desire to meet with German Finance Minister Wolfgang Schaeuble. The finance minister also said he intended to make trips to Berlin, Frankfurt and Madrid in search of support for a deal to end austerity, which he claims would be beneficial not just for the welfare of Greece, but also for that of the average European citizen.