Greece will deposit cash with Finland as security for the portion of the bailout loan it is...

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Richard Mackenzie Comments (449)
 
Having read the linked article twice (very slowly the second time), I'm still left with the impression that Greece is depositing cash with Finland as collateral so Finland will loan cash to Greece. I'm totally baffled.
16 Aug 2011, 09:59 AM Reply Like

Richard Mackenzie Comments (449)
 
Is this just politics? Was Finland totally unwilling to participate in the bailout loan unless the country being loaned to provided the cash. Now Finland can say they "participated" in the bailout, even though they didn't really?
16 Aug 2011, 10:01 AM Reply Like

buybuybear Comments (389)
 
What this means is that effectively Finland has opted out of participation in the bailout... In return for their 'YES' vote they will not take on any (or just small) risk.

Other Northern European countries might find this an interesting development...
16 Aug 2011, 10:02 AM Reply Like

Lint Comments (379)
 
"This deposit will be invested in low-risk long-term debt securities."

Funny.
16 Aug 2011, 10:05 AM Reply Like

Richard Mackenzie Comments (449)
 
Greek bonds
16 Aug 2011, 10:13 AM Reply Like

youngman442002 Comments (4973)
 
Probably Greek gold.....hmmmmm
16 Aug 2011, 10:21 AM Reply Like