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8/18/11

Anger over Finnish deal on Greek bailout

A Finnish deal to get collateral from Greece to secure its rescue loans to the debt-ridden country has angered other eurozone nations and could complicate the implementation of the euro109 billion bailout.
Estonian Finance Minister Jurgen Ligi said Thursday that Finland's bilateral agreement with Greece is "a deviation from the common policy of the eurozone."

A European Union official warned that the Finnish deal "creates asymmetries in the support provided to Greece and it opens the door" for special requests from other countries.

For more: Anger over Finnish deal on Greek bailout - Forbes.com

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