The Greek finance ministry is looking at a plan that could see state-owned property assets used as collateral for loans that could help it avoid a third bailout by the EU and IMF.
According to a report in Greek newspaper Ekathimerini Greek finance minister Yannis Stournaras is reluctant to sign up to a third bailout because of the conditions it would likely impose on his government’s spending and reform process.
In order to avoid the bailout a special purpose vehicle (SPV) is being considered that would be managed by both Greek and EU officials, according to Ekathimerini.
This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.