Austria opposes Finland’s loan collateral from Greece

Thu Aug 18, 2011 12:17am EDT

HELSINKI Aug 18 (Reuters) – Austria opposes Finland’s deal
with Greece on collateral for loans and will demand collateral
as well if euro zone countries approve Finland’s deal, a
spokesman from Austrian finance ministry was quoted in a
newspaper report as saying.

“The collateral model has to be open to all the euro zone
countries. We will figure out if that’s the case,” Harald
Waiglein from the finance ministry told Finland’s biggest
newspaper Helsingin Sanomat in a phone interview.

Earlier this week Finland reached a deal with Greece on
collateral, its key condition for joining to help the
debt-burdened country.

(Reporting by Jussi Rosendahl; Editing by Ramya Venugopal)

Leave a Reply

Your email address will not be published. Required fields are marked *

twenty − fourteen =

This site uses Akismet to reduce spam. Learn how your comment data is processed.