Arab Today, arab today finlandgreece debt deal needs eurozone ok
Last Updated : GMT 18:30:28
Arab Today, arab today
Arab Today, arab today

Finland-Greece debt deal needs eurozone OK

Arab Today, arab today

Arab Today, arab today Finland-Greece debt deal needs eurozone OK

Berlin - AFP

Germany on Monday said that a deal Finland struck with debt-wracked Greece whereby Athens would provide collateral in exchange for loan guarantees required the consent of all 17 eurozone members. The agreement \"must be approved by the other eurozone member countries,\" a finance ministry spokesman told a regular government press briefing. \"Such a bilateral accord may not be agreed to the detriment of the others,\" referring to the other countries coming to the aid of Greece. Government spokesman Steffen Seibert said the arrangement \"required discussion\" within the crisis-rocked eurozone. \"This accord must be explained to the other eurozone countries,\" he said, adding that Berlin had not yet received a copy of the pact between Finland and Greece. Seibert said any discussion about possible guarantees should be conducted \"not in the media but in eurozone institutions.\" Finland, one of only six EU nations with a top AAA credit rating, warned it would seek collateral for its portion when eurozone leaders agreed a 160-billion-euro ($230 billion) rescue plan for Greece in July. Germany is the biggest contributor to the package. Helsinki hammered out a deal with Athens last week, raising immediate objections from Slovakia, Austria and the Netherlands, which said they would now seek the same guarantees for their portion of the loan. Greece on Sunday called on the European Union to show leadership to stem a growing row over the deal. Finance Minister Evangelos Venizelos urged European officials in a letter to send \"clear and positive messages\" to the international markets and European countries over the accord. Technical solutions are easy to find, under the condition that the credibility and the effectiveness of the program will not be affected,\" Venizelos said in the letter released by the finance ministry. \"The issue is mainly political and must be handled as such so that clear and positive messages are always sent to international markets and European societies,\" he said. The letter dated Saturday was sent to eurozone finance ministers as well as Eurogroup chief Jean-Claude Juncker, EU Economic Affairs Commissioner Olli Rehn and European Central Bank chief Jean-Claude Trichet. Venizelos told an Athens radio station Friday that it would be up to the Eurogroup to find a solution if there were requests for collateral from any other country.  

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today finlandgreece debt deal needs eurozone ok Arab Today, arab today finlandgreece debt deal needs eurozone ok

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today finlandgreece debt deal needs eurozone ok Arab Today, arab today finlandgreece debt deal needs eurozone ok

 



Arab Today, arab today
Arab Today, arab today Youssra depended on colored foam

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today US travel restrictions are still 'Muslim ban'

GMT 00:54 2017 Tuesday ,26 September

US travel restrictions are still 'Muslim ban'
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Israel builds settlements 'at high rate'

GMT 01:04 2017 Tuesday ,26 September

Israel builds settlements 'at high rate'
Arab Today, arab today Saudi clerics use Twitter, textbooks

GMT 10:13 2017 Tuesday ,26 September

Saudi clerics use Twitter, textbooks
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Personality study finds fish have hidden depths

GMT 00:43 2017 Tuesday ,26 September

Personality study finds fish have hidden depths
Arab Today, arab today China refuses visa to elderly India runner

GMT 15:01 2017 Tuesday ,26 September

China refuses visa to elderly India runner
Arab Today, arab today Botanical gardens a lifeboat

GMT 02:50 2017 Tuesday ,26 September

Botanical gardens a lifeboat
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Chevrolet's first 9-speed auto debuts

GMT 18:58 2017 Monday ,25 September

Chevrolet's first 9-speed auto debuts
Arab Today, arab today Third generation adds more power

GMT 13:40 2017 Sunday ,24 September

Third generation adds more power
Arab Today, arab today Mai Kassab happy for participating in new film

GMT 09:33 2017 Friday ,22 September

Mai Kassab happy for participating in new film
Arab Today, arab today Conditions growing dire    

GMT 09:22 2017 Monday ,25 September

Conditions growing dire    

GMT 08:56 2017 Thursday ,21 September

Lebleba is preoccupied in filming 'Back Street'

GMT 10:27 2017 Sunday ,24 September

'Lady Beast' fights for girl gamers

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha

GMT 05:05 2017 Sunday ,24 September

Psychologists help Mexico deal

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 16:08 2017 Monday ,25 September

'World's heaviest woman' dies

GMT 12:09 2017 Sunday ,24 September

Taxi! Transport gets an overhaul

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 12:46 2017 Thursday ,21 September

Google likely to buy stake in Taiwan smartphone maker HTC

GMT 11:37 2017 Saturday ,12 August

Fashion designer reveals her new collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday