9.3
8.064 reviews
English
EN
Finland has secured collateral for their support to Spain.
The Netherlands is also investigating this possibility.
Last Tuesday, it was announced that Finland has signed an agreement for collateral for their support for the Spanish banking sector. A collateral of EUR 770 million has been stipulated, which means a collateral of 40% of Finland's loans to Spain. One consequence of this for Finland is that they pay their share in one go.
The construction in this arrangement is that the collateral is disbursed to Finland and then invested in bonds of the top 5 countries of the Eurozone.
A spokesperson for the Ministry of Finance of the Netherlands is also studying this possibility. Due to the high costs of this scheme, it will be examined whether this scheme has been used.
Source: ad.nl
