ECONOMY

Finland’s Stubb hails ‘good leap forward’

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One of Greece's most outspoken critics, Finnish Finance Minister Alexander Stubb says bailout discussions with the country have taken "a good leap forward."

Following two days of talks between the Greek finance minister and his peers in the 19-country eurozone, Stubb says a package of proposals have been sent to leaders for discussion at their emergency summit meeting in Brussels.

Stubb says they involve three key elements, including the Greek parliament's passing of a series of unspecified laws by Wednesday.

If these conditions are met, then talks with Europe's bailout fund can proceed, said Stubb.

Stubb refused to comment on whether Greece would get some immediate financing to help its banks reopen. "One day at a time, one step at a time," he said.

[AP]