Spanish finance chief urges caution on Greece


Spanish Economy Minister Luis De Guindos is advising caution, not optimism, about Greeces reform proposals, which he says he hasn't seen yet.

The proposals are to be discussed by eurozone finance ministers on Saturday, ahead of an EU summit Sunday, following months of failed negotiations between Athens and creditors.

De Guindos said "I would be cautious" about the chances of the proposals bringing a deal.

Even so, he said the proposals moved Greece "back to a square before the referendum."