Greek Government and Minister Yanis Varoufakis

Greek parliament: Terrorist proposal' Calling the EU proposals "borderline insulting," Tsipras told the Greek parliament that his government would not sign the deal without restructuring of Greece massive debt, according to Deutsche Welle. Tsipras' friendship with Juncker is seemingly under strain Echoing these views, Finance Minister Yanis Varoufakis told the Greek Proto Thema daily on Sunday that proposed reform plan was "an aggressive move designed to terrorize the Greek government," adding that "this Greek government cannot be terrorized." The current Greek government, led by the Syriza party under Tsipras, rode to power on the back of promises to end austerity in the struggling nation. Juncker vented some frustration at Greece tardiness, saying that while he considered Tsipras a friend, "to remain friends one has to respect some minimum rules." His remarks come after Tsipras on Friday slammed as "absurd" last week proposals put forward by the European Commission, which included sales tax rises and cuts in civil servants' salaries in return for unlocking the last tranche of Greece bailout. Greece bailout agreement with international creditors expires at the end of June. No 'rabbit in the hat' Juncker, however, continued to reaffirm that a "Grexit" was not on the cards - but did warn that he could not "pull a rabbit out of a hat" to stop it happening. If it fails to come up with the money for loan repayments and defaults on its debt, it could potentially lead to the country exit from the single euro currency. (news.financializer.com). As reported in the news.