He said he would "lead the fight" for debt relief because "there's no chance (for Greece) of returning to a stable economy and society in the eurozone with the current level of debt".
A group of mainly northern-European euro zone countries want the International Monetary Fund to join the bailout for credibility reasons, believing the European Commission's approach can be too lenient. "We could specify that in one or the other way but it cannot not be decided upon before the end of the program without a new mandate", he said.
While Le Maire said it's "important there be a solution that reassures the Greek people and of course reassures Greece's creditors", Schaeuble insisted that "structural reforms are the decisive thing" to improve Greek growth.
But the main objective of the talks - to get the International Monetary Fund to join the bailout - may be tough to achieve because the International Monetary Fund wants the euro zone to commit now, more firmly and in greater detail to debt relief for Athens, even if it were to happen only in 2018.
The Eurogroup, consisting of economy and finance ministers of the Eurozone, called the tone of the report very positive and emphasised that the fact that there are banks that need to expand their capital for the future does not imply they are not meeting present requirements.
On Thursday, the Greek parliament approved new creditor-demanded measures that will impose further income losses on austerity-weary Greeks.
Greece is seeking Monday to persuade its creditors in Europe that it has done enough to get another chunk of bailout loans and a commitment on alleviating Athens' hefty debt burden.
Mannequins stands inside a shuttered shopwith signs that read "for rent" as a man walks in central Athens, on Monday, May 22, 2017.
Greece has adopted tax, pension and labour market reforms in response to the IMF's concerns, with many saying the country could be kicked out of the eurozone if it continued to default on debts. He, like Dijsselbloem, said that "extra measures if required" would come after the bailout program expires next year.
The German Foreign Ministry said on Monday that Berlin should have an interest in not isolating itself with its stance on Greece and the question of debt relief for Athens.
Macron explained his thinking about Greece in an interview to the Mediapart website two days before his election.
The meeting will be the first for French Finance Minister Bruno Le Maire, named to his post last week by newly-elected President Emmanuel Macron, a pro-EU centrist.
Successive Greek governments have slashed spending in return for bailout money to avoid bankruptcy.