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Edmund Onward James





Joined: 04 Jun 2009
Posts: 1317
Reputation: 55
votes: 2

PostPosted: Tue Aug 30, 2011 8:29 am    Post subject: Finland wants bailout collateral from Greece... Reply with quote

How smart is that? However, the other EU nations might also want collateral. And what would the assets be? Land? The Greek Parthenon? Olive fields? What do the recepients expect when there is a threat of default?

Little Finland is solvent, I think, but Portugal, big Spain, even Italy are not, evidently. So who is in good shape? Austria, Germany, France, maybe Lichtenstien, and Monoco.

Finlandís Collateral Demand Leaves EU Faced With Rewarding Bailout Fatigue
http://www.bloomberg.com/news/.....tigue.html
cosmostein





Joined: 04 Oct 2006
Posts: 7435
Reputation: 297.4
votes: 21
Location: The World

PostPosted: Tue Aug 30, 2011 3:50 pm    Post subject: Reply with quote

Canada should get in on that;
Put a lien against the Parthenon.

How good would that look to the left of the Parliament buildings;
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Finland wants bailout collateral from Greece...

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