Greece's Varoufakis to meet German finance minister Monday

Germany's Finance Minister Wolfgang Schaeuble will meet Monday in Berlin with his Greek counterpart Yanis Varoufakis, amid contentious negotiations between Greece and its creditors, the German ministry said.

A ministry spokesman told AFP the meeting would take place "in the morning" and that no press conference was planned.

Varoufakis is in Germany to take part in a debate Monday evening in Berlin organised by Hans-Boeckler foundation, close to the German union confederation DGB, while a summit of G7 leaders wraps up in Bavaria in southern Germany.

On Sunday Greece and the European Union traded barbs over Brussels' latest demands for economic reforms by Athens, with EU commission chief Jean-Claude Juncker accusing Greece's premier of misrepresenting the proposals that Athens has termed "absurd".

Varoufakis was quoted in the Greek press calling the proposals "borderline insulting".

"It was an aggressive move designed to terrorise the Greek government," Varoufakis told Proto Thema daily.

Greece's radical-left government and its creditors -- the International Monetary Fund, the European Union and European Central Bank -- have been negotiating for five months on reforms needed to unlock 7.2 billion euros ($8 billion) in remaining rescue funds that Athens desperately needs to meet a series of debt repayments to the IMF this month.