BRUSSELS, July 12 (Reuters) - Euro zone leaders told near-bankrupt Greece at an emergency summit on Sunday that it must restore broken trust by enacting key reforms before they will open talks on a new financial rescue to keep it in the European currency area.
The following are comments from the euro zone finance minister and others attending the Eurogroup meeting on Sunday.
AFTER MEETING
FINNISH FINANCE MINISTER ALEXANDER STUBB
"There's a very good proposal on the table, a report that will now be moved forward to the heads of state and government. It has far-reaching conditionality, on three counts:
Number one, it needs to implement laws by July 15
Number two, tough conditions on for instance labour reforms and pensions and VAT and taxes
And then number three quite tough measures also on for instance privatisation and privatisation funds
And for us the most important thing is that if we were to open negotiations on ESM this whole package has to be approved by both the Greek government and the Greek parliament and then we'll have a look"
EUROGROUP HEAD JEROEN DIJSSELBLOEM
"We're now going to inform the leaders we've finalized our discussion. We've come a long way but a couple of big issues are still open so we're going to put it to the government leaders and it's up to them."
EUROPEAN ECONOMIC AFFAIRS COMMISSIONER PIERRE MOSCOVICI
"We made some progress today, although differences in points of view remain. Now it's up to the heads of state or government to try to find an agreement. The agreement that the Commission wants, an agreement for Greece which is reform and stays inside the euro zone."
LUXEMBOURG FINANCE MINISTER PIERRE GRAMEGNA
"I can just confirm that we have a good text, there are still a few issues that the heads of government have to solve."
BEFORE MEETING
EUROPEAN ECONOMIC AFFAIRS COMMISSIONER PIERRE MOSCOVICI
"The position of the institutions, as expressed yesterday and relayed to the ministers, is that there is overall a basis for opening negotiations on a new programme for Greece and that Greece must do more in the short term and medium term. That remains our position and it is our hope that at the end of the day we have a good accord that maintains the integrity of the euro and allows a reform Greece to continuing progressing in the euro."
SLOVAKIAN FINANCE MINISTER PETER KAZIMIR
"It is not possible to reach a deal today. We can (make) certain recommendations for the heads of state, that is all. The breach of trust is so vivid it is not possible to reach a deal. (Asked on what would be needed to regain the trust) Front-loading (of reforms)."