German finance minister, Wolfgang Schäuble spoke about Greece's Syriza government with a German radio station this morning - saying:

"I feel sorry for the Greeks at the moment. They’ve elected a government which is currently acting irresponsibly."

He was referring to the combative style that the new Greek government has taken when dealing with EU representatives - specifically insults that they have issued to European partners.

The minister continues: "The problem is that Greece has lived beyond its means for a long time and that nobody wants to give Greece money anymore without guarantees."

After his initial meeting with the Greek finance minister, Yanis Varoufakis, the pair shared a tense press conference - in which Mr Varoufakis said that they hadn't even "agreed to disagree."

A cartoon was recently published in a Greek newspaper of Mr Schäuble wearing a Nazi uniform.

The German says that he is "very skeptical" regrading the possibility of a deal being agreed.

Greece's prime minister Alexis Tsipras on the other hand says that he is "full of confidence" and that he hopes that an agreement can be reached - but he warns that the meeting will be "difficult."

It is understood that a deal on Greek debt was almost reached last week - but it was rejected after Mr Varoufakis discussed it with his colleges in Athens.

At one point during the negotiations last Wednesday CNBC reported that a deal had been agreed - that story caused the value of the euro to spike before news emerged that a deal had not been reached.

In a feature interview with the Guardian on Friday, Yanis Varoufakis was asked if he "afraid" - the Greek replied: "A bit" adding, "If I weren't scared, I’d be awfully dangerous."

The Brussels gathering will begin at 14:00.