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tagged: austria, cash collaterals, Charles Dallara, euro zone, Euro-crisis, Finland, Greece, Greece's second bailout, loan guarantees, NetherlandsDallara: EU Must Stop the Collateral Issue of Greece & its Lenders
Posted by keeptalkinggreece in Economy
Charles Dallara, CEO and Managing Director of Institute of International Finance urged the European Union to intervene in the issue of cash collateral between Greece and its eurozone partners. The head of the International Association of Banks sent a stern message to the central leadership of the European Union, for its repeated claims of financial guarantees from member states. Speaking to Greek private television ANT1, Dallara said:
“The EU should intervene directly in favor of Greece in order to stop the issue of collateral. Greece and the EU have to stand up and say to fellow Europeans that we have a full agreement with the IMF, the EU and the European Central Bank.”
Charles Dallara described the move of Finland as “no clever move” and said that Helsinki operates in “strictly commercial basis”. See Dallara’s interview in English here.
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