Greece said Tuesday that it has reached a deal with Finland on collateral needed to secure the Nordic country’s participation in Greece’s bailout, adding that it doesn’t include any claims on Greek property.
“Greece and Finland agreed … to a financing arrangement that allows the government and parliament of Finland to decide on its participation in the new aid commitments for Greece,” the finance ministry said in a statement. “Needless to say, this financing scheme includes no claims on property.”
It added that the agreement must still be submitted for approval to the other countries that are part of the 17-member euro zone.
Earlier Tuesday, Finnish Finance Minister Jutta Urpilainen said Greece will deposit a still-to-be-decided sum of money with the Finnish state for Finland to invest, as a precondition for releasing funds to Europe’s temporary bailout fund, which is being used to finance fresh aid for Greece.
(source: Dow Jones)
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