Ireland sees no issue with reprofiling Greece's debt, the new Finance Minister said today.

Paschal Donohoe made his comments as euro zone lenders met to discuss the size of new loans to Greece and what debt relief they may offer. 

"Ireland has no difficulty with proposals in relation to the reprofiling of Greek debt," Minister Donohoe told reporters in Luxembourg ahead of the meeting. 

"We're looking forward to seeing progress being made this afternoon and this evening in relation to our Greek neighbours," he added.

Greece needs more than €7 billion in new loans from the euro zone bailout fund to repay debt maturing in July, but can only get the money once lenders agree Athens has pushed through agreed reforms.

Yesterday, Taoiseach Leo Varadakar said the Departments of Finance and Public Expenditure and Reform are to be combined with Paschal Donohoe named as the Minister.