Friday May 29, 2015 Search
Weather | Athens
14o C
09o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
Helsinki receives 264-mln-euro collateral payment from Athens

Finland received 264 million euros in collateral payments from Greece that it demanded as a condition for contributing to the second bailout of the debt-burdened southern European nation.

The latest installment brings Greek collateral payments to Finland to 831 million euros to date, the Finance Ministry in Helsinki said on Friday in an e-mailed response to questions. Greece made previous payments in April and May, and is due to pay 925 million euros in total, disbursed gradually as the country gets the funds from its second bailout.

Finland was the only country to demand collateral to limit liabilities to taxpayers for any rescues that don’t give it priority creditor status. It negotiated a similar deal with Spain for its bank bailout.

Under the accord, Greek bonds will be transferred from Greek banks to a trustee, which will sell them and invest the proceeds in the five highest-rated sovereign bonds in the euro area.

In exchange, Finland has paid its share of the capital of the European Stability Mechanism upfront. Finland will also forgo any profits made from the loans to Greece.

[Bloomberg]

ekathimerini.com , Friday December 21, 2012 (12:25)  
Schaueble plays down positive reports from Athens
Greek bank deposits fall to lowest in more than a decade
Next Greek aid program isn’t on table yet, says Moscovici
Hoteliers seek VAT solutions
Greece mixes messages on expectations for deal
Greece said Friday that the deadline for reaching an accord to release much-needed bailout funds was the end of June, despite officials raising hopes of a deal being imminent as it flirts wi...
Some blame EU Commission for Greek obstinacy in debt talks
Damned if you do, damned if you don't. Some eurozone countries are accusing the European Commission of giving Greece false hope of new loans for less reform effort, but they still want Bruss...
Inside News
SOCCER
Panathinaikos conquers PAOK through Tavlaridis goal
A Stathis Tavlaridis goal has brought Panathinaikos to practically within one point from clinching a spot in next season’s Champions League qualifiers, as the Greens made it three out of thr...
SOCCER
AEK Athens returns to top league after financial collapse
Greek club AEK Athens has just returned to the country's top soccer league, two years after financial collapse sent it to a lower league. One of the country's largest clubs, AEK sealed its s...
Inside Sports
INTERVIEW
The eurozone’s ‘ambiguous’ architecture
“That’s not something you’re supposed to say in public, right?” In his humble way, Thomas Sargent, Nobel Prize winner in Economics, tries to avoid the question posed to him by Kathimerini re...
COMMENTARY
Only Greece can end its miserable ´Groundhog Day´
In the film "Groundhog Day," Bill Murray is condemned to relive the same 24 hours on an endless loop. The happy ending (he gets the girl) only comes when he changes his destiny by becoming a...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
 RECENT NEWS
1. Greece mixes messages on expectations for deal
2. Schaueble plays down positive reports from Athens
3. Greek bank deposits fall to lowest in more than a decade
4. Some blame EU Commission for Greek obstinacy in debt talks
5. 12 Russians injured in lightning strike at ruins on Crete
6. Next Greek aid program isn’t on table yet, says Moscovici
more news
Today
This Week
1. Greece creditors say no deal near as G-7 frustration vented
2. Only Greece can end its miserable 'Groundhog Day'
3. Next Greek aid program isn’t on table yet, says Moscovici
4. 12 Russians injured in lightning strike at ruins on Crete
5. Some blame EU Commission for Greek obstinacy in debt talks
6. The eurozone’s ‘ambiguous’ architecture
Today
This Week
1. Hotel contracts with a ‘Greek default clause’
2. Some 300 mln left banks on Tuesday
3. Neither Grexit nor a dual currency will solve Greece’s problems
4. No more 'quick and dirty' fixes for Greece
5. Romantic notions meet reality
6. Tsipras faces down radicals within SYRIZA over terms of deal
   Find us ...
  ... on
Twitter
     ... on Facebook   
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright © 2015, H KAΘHMEPINH All Rights Reserved.