The European Union and Germany warned Greece’s radical new left-wing government Thursday that there is little support for a reduction in its massive debts, on the eve of its first talks with its eurozone partners.

Radical Prime Minister Alexis Tsipras will meet Jeroen Dijsselbloem, the current head of the eurozone group of finance ministers, which Athens said would mark the start of Greece’s negotiations on revising the conditions of its bailout deal.

Ahead of the meeting, Greek bank stocks rebounded Thursday after plunging the day before on concerns about the dramatic first moves of Tsipras’ new administration.

European Parliament chief Martin Schulz on Thursday became the first foreign dignitary to meet Tsipras’ antiausterity government.

He said the prime minister had assured him that Greece would seek “common ground” with its EU peers.

Schulz said the prime minister had assured him that Athens would not seek a “unilateral solution” to the renegotiation of its multibillion-euro bailout.

The new Greek government, elected on Sunday, has already begun to roll back years of austerity measures demanded by the EU and the International Monetary Fund in return for a $269 billion bailout granted to avoid a financial meltdown in 2010, and says it will negotiate to halve the debt.

But European Commission chief Jean-Claude Juncker said a reduction of the 315 billion-euro ($357 billion) debt linked to the bailout “is not on the radar.”

“I don’t think there’s a majority in the Eurogroup ... for a reduction of the debt,” he told Germany’s ARD television, referring to the eurozone’s finance ministers.

Sigmar Gabriel, Germany’s vice chancellor and also its economy minister, said he expected Greece to “stick to its commitments” for fiscal and economic reform made in exchange for the package. (AFP)