Moody's Warns Against Collateral Proposal; In Response, Finnish PM Warns Finland will Not Sign Second Greek Bailout Without Collateral; Merkel Madness

"The battle over Greek collateral for additional loans to Greece has heated up on multiple fronts in five countries. Let's start with a look at a warning from Moody's.

FX Street notes Moody's warns that Greek bailout might be delayed

Moody's rating agency warned on Monday that EU countries which demand collateral agreements with Greece might delay the payment of the next 8 billion euro tranche of the rescue fund for Athens, push it into default and hamper the fight against the crisis in the Eurozone.

Last week Finland negotiated a bilateral deal with Greece; soon Austria, the Netherlands and Slovakia demanded similar guarantees. Greek Finance Minister Evangelos Venizelos asked the European Commission, the ECB and the IMF for help with solving possible further disputes with countries demanding collateral agreements..."

at  http://globaleconomicanalysis.blogspot.com/2011/08/moodys-warns-against-collateral.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+MishsGlobalEconomicTrendAnalysis+%28Mish%27s+Global+Economic+Trend+Analysis%29