login
login

Europe Daily Bulletin No. 10441

31 August 2011
GENERAL NEWS / (ae) eu/greece
Juncker opposes guarantee mechanism wanted by Finland

Brussels, 30/08/2011 (Agence Europe) - Eurogroup President Jean-Claude Juncker is against the guarantee mechanism that Finland is calling for in exchange for its participation in the second Greek bailout. “I don't like this mechanism, and I don't like the bilateral arrangements”, he said at the European Parliament on Monday 29 August. However, he said, “we're close to a solution” to this issue. There has been talk in the press of collateral deposited in a blocked bank account or...