ECONOMY

Finance chiefs pessimistic of Greece deal Monday

Finland’s Finance Minister Alexander Stubb was pessimistic about the chances of a breakthrough on Monday.

“I think this day’s going to be a non-entity I’m afraid,” he told reporters as he arrived for talks with his eurozone counterparts, ahead of a leaders’ summit in the evening.

“I don’t foresee a breakthrough today,” he said.

His Irish counterpart, Michael Noonan, also said he has «very low expectations for a deal today.”

Noonan said there was confusion with proposals that Greek officials submitted overnight. “There hasn’t been any preparation» he said.

“It’s still not clear what the proposals are” from Greece he said.

Noonan predicted that the eurozone finance ministers would have to meet again Thursday, ahead of a summit of the 28-nation EU.

[AP]

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