Monday, May. 21, 2012 |
Finland Says Next Greek Collateral Deal Will Satisfy 'Everyone'
Page last updated at 03:45 GMT, Monday, September 5, 2011 - 08:45 EST
San Francisco Chronicle:
Finnish Finance Minister Jutta Urpilainen said the Nordic country will find a Greek collateral model that satisfies other euro nations as it tries to defuse a spat triggered by its original demand for cash guarantees.
"Negotiations are taking place daily at the moment," Urpilainen said at a press briefing in Helsinki today. "We are seeking a solution that everyone would be satisfied with. We shall see when we get that solution."
Finland's Aug. 16 announcement it had a bilateral arrangement with Greece giving it cash collateral in exchange for its commitment to a second bailout sparked a backlash of criticism.
Read the whole story: San Francisco Chronicle
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