Alexander Stubb

Hungarian Democratic Union of Romania (UDMR) chairman Kelemen Hunor said at the European People's Party (EPP) Congress in Helsinki that a strong European Union is needed in a global competition because the member states can only be successful together, and the European Union "needs to be rethought and strengthened," informs an UDMR press release issued for AGERPRES on Wednesday.

The meeting between Greek Finance Minister Euclid Tsakalotos and Finnish Finance Minister Alexander Stubb on Monday was conducted in a good atmosphere with Mr. Stubb saying that there is no Grexit issue.

“I hear good things about Greece everywhere and from other countries and in the Eurogroup,” he said after the meeting.

Greek Finance Minister Euclid Tsakalotos is expecting the disbursement of the 2 billion euros tranche to be approved today by today’s meeting of Euro Working Group.

Finland has emerged as the eurozone’s worst performing economy after contracting 0.6% in the third quarter. The union has been stagnant for the last three years. It’s economic problems are mainly due to a collapse in trade with Russia, highly uncompetitive labor costs and the decline of its successful Nokia.

Finland’s Finance Minister Alexander Stubb believes that the resignation of the Greek government will not have a negative impact on the 3rd Greek bailout plan approved by the Eurrogoup and EU member states.

Finnish Finance Minister Alexander Stubb on Thursday said his country is ready to participate in the third Greek bailout deal.

“We have come a long way during the summer. The future of euro was at stake…. but now we’ve got a solution and will live with it,” Stubb said after the Finnish parliament’s grand committee in favor.

The Eurogroup meeting, a second in a row after Sunday’s, is under way to discuss the technical details of the deal agreed upon between Greece and the other leaders of the EU-19 Summit to save the country from defaulting on its debts and remain within the Eurozone. The Finance Ministers are expected among other things to hammer out a bridge-loan for Greece, until the ESM loan is finalized.

The Greek Parliament should pass fresh legislation by Wednesday if it is to receive new bailout assistance, Finnish Finance Minister Alexander Stubb has said.

Stubb made his comments just after the Eurogroup's Sunday session on Greece ended to give way to a meeting of Eurozone leaders.

Another form of “Finlandization” has apparently plagued the Eurozone over the weekend and is now viewed as the main obstacle towards achieving a new bailout deal with crisis-stricken Greece, one that would avert the east Mediterranean country’s euro membership meltdown.

Greece on July 12 faced a final EU summit to clinch a deal that would stop Athens crashing out of the euro after divided eurozone ministers halted "very difficult" talks on a new bailout overnight.