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Finnish finance minister pours water on Euro –optimism ahead of summit

Finland has remained harsh critique of providing further money to Euro with some in the Finnish parliament favors Greece exiting Euro.

Today, while market remains quite optimistic that Greek resolution would arrive in today's meeting, Finnish finance minister Alexander Stubb just tweeted saying not to expect a breakthrough.

Market is still optimistic, but more cautious as the meeting is about to begin.

Slovakian finance minister sounded gloomy too.

Eurostxx50 is currently trading at 3555, down from its high of 3579.

German DAX which was up more than 3% at one stage, trading at 11426, down almost 100 points from there.

However, no deal today doesn't mean all hope is gone. It is though important that leaders reach a framework or consensus which could then pave way for the final deal over finance ministers meeting.

Any abrupt breakup of the meeting could lead to terrible Tuesday, where market might reverse all the gains and more.

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