German Chancellor Angela Merkel ruled out the possibility of offering Greece more debt relief on Saturday and stated that she doesn't see "a further debt haircut" in the debt-ridden country's future.
The decision came as a blow to the new Greek government as they had promised voters that they would put anti-austerity measures in place and demand neighbouring countries to write off part of its 320 billion euro ($360 billion) debt.
Time is short for Greece's new government to find room for compromise, in just two weeks time Alexis Tsipras will be heading to his first European summit.
ITV News Europe Editor James Mates has more on the tight timetable facing Greece:
There are complex and contradictory ideas swirling through Germany as it digests the election in Greece. It’s a complex story.
As the Greek Prime Minister is sworn in, we take a look at the main planks of his party's economic plan for the country.
As election day looms in Greece, people affected by the country's economic struggles tell ITV News how they feel about their prospects.