Friday, May 20, 2011

Norway Suspends Aid to Greece, Finland may follow

The Norwegian government cited Greece’s failure to comply with agreed-upon conditions to aid in withholding a $42 million grant from the debt-stricken country. The move was largely symbolic given that it represents such a relatively small proportion of fiscal aid, but traders speculated that growing discontent with Greek debt troubles could push Finland to do the same.

Norway freezes $42M payment to Greece

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