Wednesday, 29 February 2012

Finnish Parliament approved second Greek bailout

Finnish Parliament approved the second Greece bailout with 111 votes to 72. Adding into the complexity of the vote was a non-disclosure demand on the agreement signed for Finnish collaterals from Greece, where large Greek banks are the counterparty to avoid an arrangement where other creditors would be at a disadvantageous position compared to Finland, which parliament members were allowed to study.

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