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German Minister of Labor Asks for Collateral in Gold

The German Minister of Labor stated on the channel ARD that she will ask for collaterals in gold for all the future economic packages by all the countries that face problems with large debts.
She says this is because the countries hold many reserves of gold and shares in industries that could be used as collaterals.
However, a government official said that this does not constitute official position of the German government.
On the other hand, the prime minister of Finland stated he is willing to change the terms of the agreement with Greece and are ready to accept another solutions regarding the collaterals for the loans.  The Minister of Economics of Netherlands stated that his country will not approve the agreement with Finland, while the German government representative of CDU said that the countries will manage to save Greece only if they are united.
The European Commission wants a precise agreement regarding the economic package to Greece as soon as possible, as it will benefit the economic stability in the Eurozone in general.
(Source: Nafteboriki)

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