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Showing posts with label euro zone's sovereign rescue fund. Show all posts
Showing posts with label euro zone's sovereign rescue fund. Show all posts
Tuesday, November 29, 2011
Wednesday, August 31, 2011
Euro Nations To Pay For Collateral On Greek Loans - Source
BRUSSELS(Dow Jones)--Euro-zone governments are likely to require countries that seek collateral for a new round of lending to Greece to pay for it, a senior euro-zone official said Wednesday.
The idea is part of a proposal from the European Commission and the European Financial Stability Facility, the euro zone's sovereign rescue fund, to resolve a dispute sparked by demands from Finland for collateral to secure additional lending to Greece. The proposal also calls for countries that want collateral to receive Greek bank shares owned by the Greek government as collateral, the official said.
The idea is part of a proposal from the European Commission and the European Financial Stability Facility, the euro zone's sovereign rescue fund, to resolve a dispute sparked by demands from Finland for collateral to secure additional lending to Greece. The proposal also calls for countries that want collateral to receive Greek bank shares owned by the Greek government as collateral, the official said.
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