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Finland
About Finnish society & culture. From snow to sauna, from natives to Nokia.
Curated by Ulla M. Saikku
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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...
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Dutch FinMin: Either Greece Fulfills Deal Or No Money From Us - IMarketnews.com

Dutch FinMin: Either Greece Fulfills Deal Or No Money From Us

"It is vital that Greece implement all these measures of the IMF because otherwise the Netherlands, but also Germany, Finland and other countries will follow the IMF" in...
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Portugal finmin says bailout meets Finnish concerns - Reuters

May 16 (Reuters) - Euro zone finance ministers are ready to back an EU/IMF bailout of Portugal at meeting overshadowed by the arrest of International Monetary Fund chief Dominique Strauss-Kahn on sexual assault charges.
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All for Greece and Athens - New Europe

The Germans, the Dutch and the Finns do not want to lend more money to Greece. The French examine the possibility of lending more money to Athens, but they will do that only if the IMF does the same.
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UPDATE 1-Finland approves Portugal plan despite critics

* True Finns and the Leftist Alliance opposed plan * 137 vote in favour, 49 vote against

Finland's parliament approved Portugal's EU/IMF bailout on Wednesday, with critics such as the populist True Finns party heavily outvoted by supporters of the 78 billion euro ($110 billion) package.
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The True Finns Are Too Late To Stop The Portuguese Bailout

The True Finns Are Too Late To Stop The Portuguese Bailout | Finland | Scoop.it
They won't be part of the government in time, according to Barclays.

The European Union and IMF have sorted out the detail of Portugal's bailout, and it appears the True Finns will not be able to stop its progression.
The deal, worth €78 billion ($116 billion), will involve severe budget cuts and a bank recapitalization plan.
It's due to be voted on by European economic ministers on May 16. Barclays Capital don't believe there is anything the True Finns, who are not yet technically part of the Finnish government, will be able to do to stop it.
From Barclays Capital (via FT Alphaville):

Read more: http://www.businessinsider.com/true-finns-portuguese-bailout-2011-5#ixzz1LNXo1uqh
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