Euro Ministers Spar on Collateral

Meeting is unlikely to produce an agreement on backing for Greek rescue package.

Europe’s challenges in stemming the debt crisis were underscored by snags over collateral to underpin Greece’s rescue loans and German objections to altering European treaties.

European finance officials are unlikely to reach a collateral deal today in their monthly meeting to clear the way for Greece’s next 109 billion-euro ($151 billion) package, Finnish Finance Minister Jutta Urpilainen said.

Copyright 2016 Bloomberg. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

Comments

Advertisement. Closing in 15 seconds.