The news coming out of Germany is that Greece will not be granted any concessions regarding the timetable for budgetary cuts. The article below reflects current German government thinking.
http://www.spiegel.de/international/europe/commentary-bankruptcy-is-the-only-thing-that-can-help-greece-a-850250.html
See also:
http://www.telegraph.co.uk/finance/financialcrisis/9477776/Debt-crisis-Greeces-Samaras-to-face-show-down-with-Angela-Merkel-in-Berlin.html
http://www.spiegel.de/international/germany/resistance-in-berlin-merkel-s-room-for-maneuver-with-greece-shrinks-a-850263.html
http://www.telegraph.co.uk/finance/financialcrisis/9478224/Debt-crisis-Germany-stands-firm-on-Greek-bail-out-demands.html
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