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Finland will not compromise in demanding guarantees for any new Greek bailout loan. Prime Minister Jyrki Katainen says that the European economic situation is extremely difficult, but Finland will nevertheless reject any new loans for Greece if EU countries do not vote unanimously to accept guarantees. However, opposition parties in Finland remain sceptical over Katainen's view.
Finland is seeking long-term solutions from tomorrow's summit. According to Katainen, decisions need to be made quickly to prevent the financial crisis coming to a head worldwide.
"We are trying to avoid a total catastrophe, that is, Greece's insolvency which would most likely be highly contagious. The economic situation in Europe is at least as serious as in spring of 2010," Jyrki Katainen told reporters.
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