Tue05222012

Last update10:04:38 AM

Finland, Greece May Sign Collateral Deal in Next Few Days

Finnish Finance Minister Jutta Urpilainen and EU Commissioner for Economic and Monetary Affairs Olli Rehn.

“FINLAND may sign a deal on securing collateral in exchange for its commitment to Greece’s second bailout in the “next few days,” Finance Minister Jutta Urpilainen said.

A vote in parliament on Finland’s participation in the bailout could follow next week, she told reporters in Helsinki today. Euro-area finance ministers share a “very strong” common stance in their view on what Greece must do, namely act on its pledges of austerity before more aid can be released, she said…”

BLOOMBERG BUSINESSWEEK 15 February
LEHTIKUVA - AFP PHOTO - GEORGES GOBET

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