28.08.2011 - 08:45 [ Guardian ]

Finland´s demands for collateral could leave Greek bailout in ruins

In July, Athens secured a second bailout package worth €109bn (£96bn), which involved „haircuts“ for holders of Greek debt, and contributions from its eurozone neighbours.

Both parts of that deal now look distinctly shaky. Finland, where the anti-European True Finns party scored well in recent elections, has demanded that Athens put up collateral against the Finnish share of the latest loan.