Finland PM Katainen "can't back down on the collateral demand as his government would likely...

|By:, SA News Editor

Finland PM Katainen "can't back down on the collateral demand as his government would likely collapse," bringing to power those absolutely hostile to any bailouts, says the chief economist at Helsinki's Akita Oyj. Meanwhile, Germany's Merkel remains in absolute opposition to any collateral arrangements. At stake is Greece's 2nd rescue package.