Germany, the Netherlands and Finland have not yet made a deal on securing collateral in return for a second bail-out for Greece, finance minister Jan Kees de Jager said on Tuesday evening.

The finance ministers of the Netherlands, Germany and Finland met on Tuesday to discuss the European debt crisis and the controversial question of Finland’s demand for collateral was also on the agenda.
De Jager said ‘technical details’ on the collateral demand still had to be worked out. In addition, the question of collateral is not as important as making sure Greece goes through with the agreed package of spending cuts, the Dutch finance minister said.
Surprise

Finland surprised the other eurozone countries last month by signing a bilateral deal with Greece which would enable Finland to receive collateral in return for its participation in the €109bn international bail-out.
The Netherlands is opposed to that agreement, unless all eurozone countries get the same guarantees.
According to Reuters news agency a definitive solution to the Finnish demand may not be hammered out until end-September because of its legal complexity’.
Reuters said the Netherlands, Slovakia and Austria have also expressed interest in getting collateral from Greece for their loan guarantees. ‘But euro zone officials are keen to limit the use of such collateral to Finland, which is the only country where parliament had made such a demand,’ Reuters states.