By Jonathan Davies
The Greece Prime Minister, Alexis Tsipras, has slammed what he describes as "absurd demands" made by the country's creditors.
Writing in Le Monde, the Greek PM said Greece could spark a European crisis if it is pushed any further.
In a fiercely toned article, Mr Tsipras said the eurozone's dominant countries were risking "complete abolition of democracy in Europe".
"For those countries that refuse to bow to the new authority, the solution will be simple: Harsh punishment. Judging from the present circumstances, it appears that this new European power is being constructed, with Greece being the first victim," he said.
Greece and the EU, European Central Bank and International Monetary Fund (IMF) have been locked in talks for months to come to an agreement on the final tranche of the €240 billion bailout. In order to release the funds, the so-called Troika, want certain economic reforms to be implemented as a form of insurance policy.
But Mr Tsipras' Syriza party, which was elected in January, made a string of anti-austerity promises during the election campaign. Some were so strong that it led to experts questioning whether or not Greece would pay back its debts.
In his article, Mr Tsipras said Greece would not bow to the latest demands and would instead "entirely transform the economic and political balances throughout the West".
"If some, however, think or want to believe that this decision concerns only Greece, they are making a grave mistake. I would suggest that they re-read Hemingway’s masterpiece, “For Whom the Bell Tolls”," he said.