iBankCoin
Joined Nov 11, 2007
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Is Finland About to Blow Up the Greek Bailout?

Finland has proposed that Greek state assets be transferred to a Luxembourg-based holding company and held as security for new loans to Athens, according to an internal document obtained by Reuters.

Image Source | Getty Images

The proposal, drafted in June, remains a central plank of Finnish demands for collateral in return for providing more aid to Greece.

Senior euro zone officials held another conference call on Monday to try to resolve the collateral issue.

If Finland does not get its way, it may pull out of the Greek bailout, unleashing renewed trouble in financial markets.

 

 

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