Germany working on Greek aid deal: report

(FRANKFURT) - Germany, the eurozone's biggest economy, is preparing an aid plan to help struggling Greece resolve its massive debt problems, the Financial Times Deutschland reported.

In its Wednesday edition, the newspaper said German Finance Minister Wolfgang Schaeuble was working on both a bilateral basis and at the European level on putting together a package to help Athens.

Citing unnamed sources in the government coalition, it said Berlin was "looking at a European solution but measures by Germany alone were not excluded."

Minister Schaeuble "will inform officials in the main government conservative party on Wednesday," the report said, adding that Michael Meister, a leader of the CDU/CSU grouping had also confirmed such preparations were underway.

Finance Minister Schaeuble was not immediately available for comment on the report.

Greece is struggling to put its fiscal house in order after massively overspending with borrowed money, with its problems putting pressure on the whole eurozone.