The German government on Wednesday rejected speculation over the direct purchase of Greek bonds by the European Financial Stability Fund (EFSF).

Government officials, speaking here to reporters, said such a scenario could not be implemented and stressed that Greece would be able to reach a sustainable servicing of its debt if the country strictly adheres to its structural reforms program.

A European Union summit on Friday will discuss measures to deal with a debt crisis in the Eurozone, based on an analysis made by the European Commission and the European Central Bank.

Final decisions are expected in a March EU Summit.