Euro Area

[Kagemusha]

I dont agree with either side concerning Euro. No we do not need further political integration for Euro to work and no we do not have the need to dissolve euro. What we need to do is something anyone pass their puberty should understand. Obey the rules of Euro or prepare to be kicked out.

While other EU countries are dumbing money to Greece with no guarantees.Our government made a nice deal on tuesday:

http://www.hs.fi/english/article/Fin.../1135268607718

Finland is guaranteeing atleast EUR 1.4 billion of Greek debt in exchance Greece is paying atleast half a billion to Finland as cash guarantees.Then Finland will invest that half a billion back to low-risk state bonds, so if Greece cant pay back their debt Finland will get its own money back, if they do.We make profit. I guess we are bit evil. :P

[Adrian II]

I dont agree with either side concerning Euro. No we do not need further political integration for Euro to work and no we do not have the need to dissolve euro. What we need to do is something anyone pass their puberty should understand. Obey the rules of Euro or prepare to be kicked out.

While other EU countries are dumbing money to Greece with no guarantees.Our government made a nice deal on tuesday:

http://www.hs.fi/english/article/Fin.../1135268607718

Finland is guaranteeing atleast EUR 1.4 billion of Greek debt in exchance Greece is paying atleast half a billion to Finland as cash guarantees.Then Finland will invest that half a billion back to low-risk state bonds, so if Greece cant pay back their debt Finland will get its own money back, if they do.We make profit. I guess we are bit evil. :P

All countries lending money to Greece are making a profit. We sell Dutch bonds on the market at 2,5 % and use the money to buy Greek bonds at 9% or something in that order.

AII

[Kagemusha]

All countries lending money to Greece are making a profit. We sell Dutch bonds on the market at 2,5 % and use the money to buy Greek bonds at 9% or something in that order.

AII

Yes but we are the only ones getting direct cash from Greece.If the Greek bonds dive further.You will not be getting anything.Just read the article.

[gaelic cowboy]

Yes but we are the only ones getting direct cash from Greece.If the Greek bonds dive further.You will not be getting anything.Just read the article.

But is this not a bilateral loan like the UK-Ireland so different terms apply, your still on the hook for all the bailout money you pledged to the various funds already.

[Kagemusha]

But is this not a bilateral loan like the UK-Ireland so different terms apply, your still on the hook for all the bailout money you pledged to the various funds already.

I am now only talking about the latest arrangement. Before the current situation the initial premise was that Greece would be able to pay their debts. In my opinion that is more or less money lost already.
While other Euro Nations are continuing with that hope.With this arrangement, Finland is securing that no matter if Greece can pay or not.We will not be dumbing any further money on them without direct guarantees.

[gaelic cowboy]

I am now only talking about the latest arrangement. Before the current situation the initial premise was that Greece would be able to pay their debts. In my opinion that is more or less money lost already.
While other Euro Nations are continuing with that hope.With this arrangement, Finland is securing that no matter if Greece can pay or not.We will not be dumbing any further money on them without direct guarantees.

But if it's gone why give them more?? what this actually says is Finland thinks Germany will pay any price and so Finland can get away with a bit of profit taking.

In effect your politicians believe the bailout money will be paid, I must say you and me are agreed though the knockout/bailout money is toast.

[Kagemusha]

But if it's gone why give them more?? what this actually says is Finland thinks Germany will pay any price and so Finland can get away with a bit of profit taking.

In effect your politicians believe the bailout money will be paid, I must say you and me are agreed though the knockout/bailout money is toast.

No it does not necessarily say that. Essentially what this deal is about is that Greece is paying in cash about 40% what we are guarateeing of their debt. This money will be invested by Finland.Nothing says in the agreement that it will be invested into Greek bonds.It might be invested for example to German bonds, but the bottom line is that the 40% of the total sum as guarantee enables for Finland to get our money back through low risk investments in any case.

[Adrian II]

Yes but we are the only ones getting direct cash from Greece.If the Greek bonds dive further.You will not be getting anything.Just read the article.

The Dutch PM and Finance Minister deny that there is such a Finnish-Greek deal. Well, is it official or not?

According to The Hague any such deal would (1) apply to all EU eurozone members lending money to Greece and (2) require approval from the other eurozone members.

So, what's up Helsinki-side?

AII

[Tellos Athenaios]

I take the words of the Dutch PM and Finance clowns with a grain of salt. Especially when they contradict a deal they had nothing to do with, when they actually contradict the people who supposedly did sign off on it.

[Adrian II]

I take the words of the Dutch PM and Finance clowns with a grain of salt. Especially when they contradict a deal they had nothing to do with, when they actually contradict the people who supposedly did sign off on it.

That's why I'm asking. Those two ****brains don't have a clue.

AII

[Brenus]

When you divide between North and South, where do you put France?

[Kagemusha]

The Dutch PM and Finance Minister deny that there is such a Finnish-Greek deal. Well, is it official or not?

According to The Hague any such deal would (1) apply to all EU eurozone members lending money to Greece and (2) require approval from the other eurozone members.

So, what's up Helsinki-side?

AII

It is telling that Euro media is not even putting it out,our financial minister Jutta Urpilainen put it out on tuesday like i di..The question is why is this not in bbc or deutchewelle, nor le monde

[Louis VI the Fat]

It is telling that Euro media is not even putting it out,our financial minister Jutta Urpilainen put it out on tuesday like i di..The question is why is this not in bbc or deutchewelle, nor le monde

I'm sure the Finnish-Greek deal will receive due attention in Le Monde once it has explained to its readers what a Finland is.




Louis - almost an anagram of Suomi

[Adrian II]

It is telling that Euro media is not even putting it out,our financial minister Jutta Urpilainen put it out on tuesday like i di..The question is why is this not in bbc or deutchewelle, nor le monde

It was too late for me yesterday to call a Helsinki spokesperson, but a Dutch parliamentarian has spoken to a Finnish government minister and the minister confirmed that Finland has indeed signed the deal with Greece.

Like I said, our PM and Finance Minister have **** for brains. They have another parliamentary debate coming and I wouldn't be surprised if it proved to be their undoing. About time.

AII

[Fragony]

It was too late for me yesterday to call a Helsinki spokesperson, but a Dutch parliamentarian has spoken to a Finnish government minister and the minister confirmed that Finland has indeed signed the deal with Greece.

Like I said, our PM and Finance Minister have **** for brains. They have another parliamentary debate coming and I wouldn't be surprised if it proved to be their undoing. About time.

AII

ouch, but what then. We are soooooooo low on capable people in the country of reversed gravity they all fall up and stay there. It's ok that JK la B came out but he's supposed the one who gets it ad rectum not me