Greek Finance Minister Euclid Tsakalotos today dismissed reports in Germany's Bild newspaper that the country could default on July debt repayments.

"Bild has distorted what I said yesterday. I never said that Greece would not repay debt in July. There is no such issue," he told Reuters.

"What I did say is that the disbursement was not an issue, because all sides agreed that we have kept to our commitments. But the Greek government feels that a disbursement without clarity on debt is not enough to turn the Greek economy around," he said.