Countries' growing reluctance to expose their taxpayers to the risks of lending to Greece comes just as Germany and France are trying to cajole other euro members into greater economic cooperation.
Austrian Finance Minister Maria Fekter, who has repeatedly called on Greece to speed up its privatization plan, said Thursday that she has circulated a proposal for a wider Greek collateral arrangement.
"It's up to euro-area member states to assess if this bilateral deal between Greece and Finland corresponds to [the] spirit of [the aid package] and does not introduce any element that may be considered a distortion," the spokesman said.
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