Photo

Reuters Photojournalism

Our day's top images, in-depth photo essays and offbeat slices of life. See the best of Reuters photography.  See more | Photo caption 

Photo

Best of Cannes

Style and scenes from the Cannes Film Festival.  Slideshow 

Photo

Ethiopia's salt trails

For centuries merchants have traveled to Ethiopia to collect salt from the surface of the vast desert basin.  Slideshow 

Sponsored Links

Finland demands Spain collateral if EFSF used: report

Related Topics

HELSINKI | Sat Jun 9, 2012 3:30pm EDT

HELSINKI (Reuters) - Finland will demand collateral from Spain if the country receives aid through temporary rescue mechanism EFSF, Finance Minister Jutta Urpilainen said, according to media reports.

"It is still open whether the loan will be granted through temporary mechanism, when Finland will need collateral as was written in the government programme, or if it will be granted through permanent mechanism," Urpilainen told MTV3 television news.

Spain will make a formal request for aid from its euro zone partners "shortly" and will receive up to 100 billion euros once that request is made, euro zone finance ministers said in a statement on Saturday.

Urpilainen added there was a risk of a Europe wide crisis similar to the financial crisis that followed Lehman Brothers' collapse in 2008.

(Reporting by Terhi Kinnunen)

Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.