Finland threatens to withdraw support for Greece

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Finnish prime minister Jyrki Katainen has threatened to withdraw support for the Greek bailout unless granted security for its loans in the form of collateral, the Telegraph reports.

Finland had agreed a private collateral agreement, in which Greece would give €1bn (£875m) in cash in return for the Finnish parliament's support. This sparked demands from Austria, the Netherlands and Slovakia for similar treatment, with both the Austrians and the Dutch criticising the deal. Katainen said: "The Finland-Greece collateral deal cannot block [the bailout] package, but in any case we demand that collateral," he told reporters yesterday. "It is our parliament's decision that we demand it as a condition for us joining in." Though Finland's share of the bailout package is...

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