Posted: Tue Aug 30, 2011 8:29 am Post subject: Finland wants bailout collateral from Greece...
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.
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