Finland Saves Face With Greek Collateral No One Else Wants

Finland’s victory in securing Greek collateral saved the government’s face. It may fail to protect Finnish taxpayers from the costs of funding the next bailout.

“The value of the deal is in the eye of the beholder,” Ville Pernaa, head of the Center for Parliamentary Studies at the University or Turku, west of Helsinki, said in an interview. “But this isn’t really what Finland sought to begin with.”