German Finance Ministry Refrains From Verifying Reports on Greek $56Bln Aid

© REUTERS / Pawel KopczynskiA piggybank painted in the colours of the Greek flag stands amongst various euro coins in front of letters spelling the word 'GREECE' in this picture illustration taken in Berlin, Germany June 30, 2015
A piggybank painted in the colours of the Greek flag stands amongst various euro coins in front of letters spelling the word 'GREECE' in this picture illustration taken in Berlin, Germany June 30, 2015 - Sputnik International
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Earlier in the day, German Bild newspaper reported that the International Monetary Fund (IMF) had estimated Greece's financial needs for the next two years at $56.2 billion.

BERLIN (Sputnik) — German Finance Ministry spokesman Martin Jaeger has not confirmed on Wednesday reports that Greece needs 51 billion euros ($56.2 billion) in the next two years.

"Let's rely on the rules of the troika institutions and not on the Bild newspaper when regarding the financial needs of Greece," Jaeger told reporters.

He added that a comprehensive program of reforms was needed.

Newly-appointed Finance Minister Euclid Tsakalotos arrives at the Finance Ministry for a handover ceremony in Athens, Greece - Sputnik International
Greece Asks Eurogroup for Three-Year Loan - Finance Minister
Following several failed attempts to agree with Athens on a new bailout program for the debt-ridden country, on Tuesday the Eurozone leaders set a Friday deadline for Greece to present economic proposals in exchange for debt restructuring and investment in the Greek economy by the European Union.

European Council President Donald Tusk said Wednesday that "the last chance procedure has just started" after Eurogroup President Jeroen Dijsselbloem had received earlier in the day a formal Greek request for the European Stability Mechanism (ESM) program, as was agreed on Tuesday.

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