13 April 2011

EUROZONE/ FINLAND: True Finns Party Victory Threatens Bail-outs.

WSJ/A. Moen

  WSJ: "The euro zone's attempts to reassure bond investors that it can fix its debt problems may be derailed Sunday when Finns go to the polls to elect a new government.
According to recent opinion polls, voter support for the nationalist True Finns Party has soared in recent months, partly in response to dissatisfaction with the fact that taxpayers in this most northern of the euro zone's 17 members have been asked to bail out Greece, Ireland and Portugal at the same time as welfare benefits are being cut at home."
     Why does it matter?
     A unanimous vote for all EU bail-outs is needed...and the True Finns party (led by Timo Soini pictured) vows to veto any increase in Finland's contribution to the temporary European Financial Stability Facility.

AND: THE GUARDIAN's Teija Tiilikainen on the eurosceptic True Finns:
http://www.guardian.co.uk/commentisfree/2011/apr/14/euro-finland-election-europe