HELSINKI, July 2 Finland and the Netherlands
will block the euro zone's permanent bailout fund from buying
bonds in secondary markets, the Finnish government said on
Monday, despite European leaders' decision last week that rescue
funds be available to stabilise markets.
Euro zone leaders agreed at the summit on steps to shore up
their monetary union and bring down borrowing costs for Spain
and Italy, but they had given few details on the use of the
temporary EFSF and permanent ESM rescue funds.
ESM bond buying from secondary markets would require
unanimity and that seems unlikely because Finland and the
Netherlands are against it, the Finnish government said a report
to a parliamentary committee.