Finland Looks for Collateral Compromise Amid IMF Opposition

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Finland is stepping up efforts to find a compromise with Europe on its collateral demands amid International Monetary Fund opposition to forcing Greece to give euro members extra security for new loans.

“We will seek a solution together everyone can agree on and one that doesn’t hurt anyone,” Finland’s Prime Minister Jyrki Katainen told reporters today in Helsinki after meeting with European Union President Herman Van Rompuy. “We are seeking a solution as soon as possible.”