Finland
104.7K views | +2 today
Follow
Finland
About Finnish society & culture. From snow to sauna, from natives to Nokia.
Curated by Ulla M. Saikku
Your new post is loading...
Your new post is loading...
Scooped by Ulla M. Saikku
Scoop.it!

Finnish Finance Minister Compares Greek Situation To Cancer ...

Finnish Finance Minister Compares Greek Situation To Cancer ... | Finland | Scoop.it

Finnish finance minister Jutta Urpilainen expressed her concern on Sunday over Greece, the troubled euro state which has repeatedly failed to meet the fiscal targets set out by its international lenders.

“Greece’s situation causes uncertainty, it is like cancer. As long as its own situation is uncertain, it will spread uncertainty” Urpilainen said in a seminar speech for entrepreneurs, according to the statement from the Federation of Finnish Enterprises.

more...
No comment yet.
Scooped by Ulla M. Saikku
Scoop.it!

EU Can’t Let Finn Collateral Derail Greek Rescue, Salgado Says

Euro-region governments can’t let Finnish demands for collateral in return for Greek aid derail a second rescue package for Europe’s most-indebted country, Spanish Finance Minister Elena Salgado said.
more...
No comment yet.
Scooped by Ulla M. Saikku
Scoop.it!

Finland Collateral Demands Threaten Bailout Solidarity - Wall Street Journal

Finland Collateral Demands Threaten Bailout Solidarity - Wall Street Journal | Finland | Scoop.it

BRUSSELS (Dow Jones)--Countries seeking to imitate Finland's deal to receive collateral from Greece as a condition for participation in the European Financial Stability...

more...
No comment yet.
Scooped by Ulla M. Saikku
Scoop.it!

Mish's Global Economic Trend Analysis: Amazingly Absurd Loan "Guarantee" Arrangement Between Finland and Greece

Mish's Global Economic Trend Analysis: Amazingly Absurd Loan "Guarantee" Arrangement Between Finland and Greece | Finland | Scoop.it
Mish\ ("The idiocy of the day comes from Finnish Finance Minister Jutta Urpilainen" http://t.co/uKKm34I Näillä niin sanotusti mennään...)...
more...
No comment yet.
Scooped by Ulla M. Saikku
Scoop.it!

Soini: 'Greece is insolvent' - YLE News

Soini: 'Greece is insolvent' - YLE News | Finland | Scoop.it
YLE News Soini: 'Greece is insolvent'YLE NewsThe leader of the opposition nevertheless thanks Prime Minister Jyrki Katainen for obtaining guarantees for Finland's contribution to the loans. Soini's overall view of the deal, however, is negative.
more...
No comment yet.
Scooped by Ulla M. Saikku
Scoop.it!

Finland not to compromise on Greek loan guarantees: Finnish PM

Finland not to compromise on Greek loan guarantees: Finnish PM http://bit.ly/oXzGRV...
more...
No comment yet.
Scooped by Ulla M. Saikku
Scoop.it!

Reuters: Finland places strict collateral demands on new Greek loan

Reuters: Finland places strict collateral demands on new Greek loan | Finland | Scoop.it
According to a document prepared by Finnish diplomats and seen by the Reuters news agency, Finland is demanding Greece provides collateral as a condition for a second loan package.
more...
No comment yet.
Scooped by Ulla M. Saikku
Scoop.it!

Analysis: 2nd Greek bailout to hit Finnish collateral snag - Reuters

(Reuters) - Greek politicians have removed one obstacle this week to a second bailout for their country but euro zone officials must now overcome Finland's condition that it can lend more to Athens only if Greece provides collateral.
more...
No comment yet.
Scooped by Ulla M. Saikku
Scoop.it!

EU's Rehn says new Greek loan tranche certain -Finnish media

HELSINKI, July 1 (Reuters) - The European Union'stop economic official said Greece was practically certain to get a new tranche of bailout loans, public broadcaster YLE reported on Friday.
more...
No comment yet.
Scooped by Ulla M. Saikku
Scoop.it!

Katainen: Talks on Greece also with Finnish banks

Katainen: Talks on Greece also with Finnish banks | Finland | Scoop.it
Prime Minister Jyrki Katainen considers it possible that Finish banks will also take part in the second bailout package for Greece.
more...
No comment yet.
Scooped by Ulla M. Saikku
Scoop.it!

FT.com / Europe - Finns to be ‘positive but tough’ on Greece

FT.com / Europe - Finns to be ‘positive but tough’ on Greece | Finland | Scoop.it
New government outlines stance on EU bail-outs (Finns to be 'positive but tough' on Greece http://bit.ly/mrPuXj...)...
more...
No comment yet.
Scooped by Ulla M. Saikku
Scoop.it!

ECB's Liikanen-Vienna style Greek package could work

Erkki Liikanen, who also heads the Bank of Finland, stressed that any private sector participation should be voluntary and avoid creating a credit event, also ruling out a selective default...
more...
No comment yet.
Scooped by Ulla M. Saikku
Scoop.it!

Halonen: Finland not a problem for the EU

Halonen: Finland not a problem for the EU | Finland | Scoop.it
Finnish President Tarja Halonen says that Finland will not cause trouble for the European Union at the June summit, when EU states will decide on new loans to Greece.
Halonen began a two-day visit to Brussels yesterday to take part in a meeting of the Panel on Global Sustainability.

“I don’t know whether I would be promising too much in saying that Finland will not cause concerns in June. We have our own decisions and our own positions, but I believe that Finns are quite practical,” she said.
more...
No comment yet.
Scooped by Ulla M. Saikku
Scoop.it!

Countries seek 'Finnish-style' deals with Greece - Telegraph.co.uk

Countries seek 'Finnish-style' deals with Greece - Telegraph.co.uk | Finland | Scoop.it

The delivery of Greece's €109bn (£95bn) bail-out package agreed last month could be delayed amid a rush of demands from countries wanting "Finnish-style" individual...

more...
No comment yet.
Scooped by Ulla M. Saikku
Scoop.it!

Austria Says Finnish Collateral Deal May 'Blow Up' Greek Rescue - Bloomberg

Austria Says Finnish Collateral Deal May 'Blow Up' Greek Rescue - Bloomberg | Finland | Scoop.it

Austria and the Netherlands, both rated AAA, and Slovenia and Slovakia yesterday said they will seek deals similar to the Finnish one.

more...
No comment yet.
Scooped by Ulla M. Saikku
Scoop.it!

Soini: Greek deal "better than nothing"

Soini: Greek deal "better than nothing" | Finland | Scoop.it
The two main opposition leaders, Timo Soini of the True Finns and Mari Kiviniemi of the Centre, say they still oppose any increase in Finland’s responsibility for eurozone states in crisis – despite a deal reached on Tuesday between...
more...
No comment yet.
Scooped by Ulla M. Saikku
Scoop.it!

Finland Finance Minister: Finland, Greece Agreed On Collateral

Finland Finance Minister: Finland, Greece Agreed On Collateral | Finland | Scoop.it
Finland Finance Minister: Finland, Greece Agreed On Collateral http://t.co/C4EvOgE...
more...
No comment yet.
Scooped by Ulla M. Saikku
Scoop.it!

Half of Finns want Greece out of euro

Half of Finns want Greece out of euro | Finland | Scoop.it
Nearly half of Finns would like Greece to leave the euro zone, according to a
poll for the daily broadsheet Helsingin Sanomat. A fifth of respondents want
Finland to leave the euro.
more...
No comment yet.
Scooped by Ulla M. Saikku
Scoop.it!

Urpilainen: Decision on Greek guarantees next week

Urpilainen: Decision on Greek guarantees next week | Finland | Scoop.it
Finance Minister Jutta Urpilainen says that next week may bring a decision on whether the eurozone countries will require collateral guarantees from Greece as part of a new bailout deal -- a step that Finland has demanded.
more...
No comment yet.
Scooped by Ulla M. Saikku
Scoop.it!

Analysis: 2nd Greek bailout to hit Finnish collateral snag ...

That will run up against the Finnish collateral condition, which is non-negotiable because it has been agreed by the Finnish parliament. Waiving it would bring down the government in Helsinki, euro zone officials involved in the talks on Greece said.
“This is not something that we merely wish for — no, it is something that we must have in order to be able to go along with a new programme for Greece,” said a document prepared for Finnish diplomats and seen by Reuters.
“It is highly unusual for Finland to place very firm red lines, but this is such a case,” the document said.
more...
No comment yet.
Scooped by Ulla M. Saikku
Scoop.it!

Urpilainen: No guarantees, no bailout

Urpilainen: No guarantees, no bailout | Finland | Scoop.it
Newly-minted Finance Minister Jutta Urpilainen has declared that Finland will not back a possible new bailout package for Greece unless other EU states agree on clear guarantees.
more...
No comment yet.
Scooped by Ulla M. Saikku
Scoop.it!

Greece's Venizelos warns of Finland call for collateral

Greece's Venizelos warns of Finland call for collateral | Finland | Scoop.it
Greek Finance Minister Evangelos Venizelos warned Thursday of further fights with EU partners over terms for a second bailout, saying "countries like Finland" want Athens to put up collateral.
more...
No comment yet.
Scooped by Ulla M. Saikku
Scoop.it!

Rehn: No plan B for Greece

Rehn: No plan B for Greece | Finland | Scoop.it
European Economic and Monetary Affairs Commissioner Olli Rehn says that there is no back-up plan in the works to aid bankruptcy-threatened Greece.
more...
enkina's comment, May 11, 2013 4:09 AM
No plan B for Euro
Scooped by Ulla M. Saikku
Scoop.it!

Finnish coalition to put tough terms on Greek aid - Financial Times

Finnish coalition to put tough terms on Greek aid - Financial Times | Finland | Scoop.it
Finnish political parties have reached agreement on forming a new government after nine weeks of on-off talks, clearing the way for Helsinki to enter negotiations over fresh financial...
more...
No comment yet.
Scooped by Ulla M. Saikku
Scoop.it!

Obama should follow Finnish lead on bailouts

Obama should follow Finnish lead on bailouts | Finland | Scoop.it
Despite our own huge debt problems, President Obama wants to pledge billions of dollars (if he can get the Chinese to loan us the money) to the International Monetary Fund to help the EU bail out Greece. Instead of listening only to his Euro-elite chums, Obama would benefit from a conversation with the no-nonsense folks in Finland’s True Finn party. I recently met with some party leaders in Helsinki and learned that True Finns are causing a ruckus not just in Finland but in the entire EU for their steadfast opposition to the Greece/Spain/ Portugal/Ireland bailouts, and the party’s popularity is surging as a result...
more...
No comment yet.