EUROZONE/ FINLAND : Future Bailouts Endangered As Euroskeptic True Finns Win.

BBC/

   As some predicted, the nationalist True Finns party won 19% of the vote in Sunday's general election...finishing just behind the conservative NCP and the Social Democrats.
    What it means is that the recent bailout of Portugal and future measures could be threatened since the True Finns and the conservative party oppose them.
   With an attractive 3A credit rating, the Finnish government carries substantial weight in all EU bailout measures...that need unanimous approval.
    A new euroskeptic government led by conservative Jyrki Katainen (pictured) as PM could veto Portugal's package and any future increases after 2013.
      "Finland has always been a responsible problem solver, not causing problems,"  said Katainen.
 "This is about a common European cause. After the elections, the biggest parties will begin to look for common ground."

    True Finn leader Timo Soini ( pictured above) claims: "We are not extremists, so you can sleep safely."

TO SEE: Euronews 1:07 English Video Report...with advert:
 http://www.youtube.com/watch?v=-lROo9oCg8Y&feature=player_embedded#at=33

EUROZONE: Euro Declines Over Japan And Cracks In Bailout Fund As Finland Balks.

BLOOMBERG

  The bloom is off the bailout rose...as Eurozone finance ministers recently failed to bring its emergency aid fund up to the full 440 billion euros
($615 billion usd) from 250 billion euros.
  The market has noticed.
   And ECB head Jean-Claude Trichet (pictured) is frustrated.
   He does not want the ECB to be buyer of last resort of bonds from struggling debt-strapped EU nations.
  The EU parliament must also debate and approve any new measures.
   According to the WSJ, the weight of any fund increase will fall primarily on 5 nations, most prominently Germany and France...but also Finland.
   Finland is the only country to oppose an increase
   Finland faces a parliamentary election in mid-April. FM Jyrki Katainen said approving it would be...political suicide.
  Also, Greece may need more money and Moody's has downgraded Portugal debt by two notches meaning that its 12-month treasury bills rose to 4.331%, compared with 4.057% two weeks ago.
    Portugal may soon face a political crisis and thus a new EU bailout request.