Finland has started a new trend by demanding collateral from Greece for the money that it will contribute to the Greek bailout. After Finland struck its deal with Greece, Austria, the Netherlands, Slovakia, and Slovenia followed suit, demanding their own collateral. Greece apparently has no more islands it can hock as collateral, so it will be required to put up a cash deposit. However, since it has no money of its own, it will probably have to borrow the money from… the European bailout fund.
Yes, things really have gotten that weird in Europe.
In other news, at least one of the aftershocks following today’s Louisa County (Virginia) earthquake registered 4.8 on the Richter scale, according to updated measurements.
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