Bilateral Pacts

February 11, 2018

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Each solution for the euro and the sovereign debt crisis is a new problem. Or several. The agreement on the second plan of financial rescue of Greece and the extension of the stabilization fund soon found a but that unleashed the wrath of the markets: did not come into force immediately, it had to be ratified by the national parliaments. Now comes another. The text of the Covenant allows bilateral agreements in which countries rescued – read Greece – assurances to the rescuers.

Finland has taken advantage of it. Helsinki achieved a compromise with Athens last week. This has irritated Germany yesterday warned through the Government, Steffen Seibert, spokesman of that these agreements must not be to the detriment of others and that they shall only be valid if they have the placet of the partners of the euro area. Source of the news:: Germany vetoes the bilateral pacts with Greece on the bailout