BERLIN: Germany’s Finance Ministry said on Saturday it was not aware of any agreement by euro zone members to provide a multi-billion euro bailout package for heavily indebted Greece.

The statement by a ministry spokesman followed a report by a British newspaper that a multi-billion euro bailout for Greece had been agreed as part of a package to support the euro.

The paper quoted a senior European Commission official as saying the 16 euro zone members had agreed on “coordinated bilateral contributions” in the form of loans or loan guarantees to Greece if Athens was unable to refinance its debts and asked the European Union for help.

“We are not aware that this is being planned,” the German ministry spokesman said, adding that Greece had not requested any aid.

“Greece is implementing its (savings) program and we expect that it will manage it alone,” he said.

“We cannot imagine the report is correct,” the spokesman said of the report.

The aid to be made available by the bailout could reach 25 billion euros, the paper quoted its sources as saying. Greece’s borrowing needs for the whole of 2010 total 53.2 billion euros.

Greece, laboring under a crippling debt burden, announced a 4.8 billion euro package of austerity measures last week designed to reduce its budget deficit to 8.7 percent of GDP this year from 12.7 percent in 2009.