Greco-Finnish deal reopens bail-out debate

Greece’s new €109bn bail-out agreed by Eurozone countries in July 2011 came closer to unravelling on the 22 August 2011 amid a growing dispute over a side deal struck between Finland and Greece involving collateral, with the Dutch government questioning the arrangement’s legality and Moody's, the leading credit rating agency, warning it could undermine all eurozone bail-outs.

PressEurop, 23.8.11: Outcry over Greek-Finnish deal http://www.presseurop.eu/en/content/news-brief/879951-outcry-over-greek-finnish-deal

ESO: Background information: Greek rescue package faces further hurdles http://www.europeansources.info/record/greek-rescue-package-faces-further-hurdles/

Kathimerini, 21.8.11: Minister asks top EU officials for mediation http://www.ekathimerini.com/4dcgi/_w_articles_wsite1_1_21/08/2011_403036

Kathimerini, 22.8.11: Doubts about Greek-Finnish collateral deal growing http://www.ekathimerini.com/4dcgi/_w_articles_wsite1_26954_22/08/2011_403195

RNW, 22.8.11: view the location of this item Government pledges transparency on Greece http://www.rnw.nl/english/bulletin/government-pledges-transparency-greece

EurActiv, 23.8.11: Greek collateral deals may delay bailout, warns Moody's http://www.euractiv.com/euro-finance/greek-collateral-deals-may-delay-news-507073

EUObserver, 24.8.11: Former US finance chief says euro is 'breaking down' http://euobserver.com/9/113397

EUObserver, 23.8.11: Ratings agency says EU bailout deal faces fresh risks http://euobserver.com/19/113388

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