Finland
Follow
Find tag "euro"
88.4K views | +11 today
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!

Katainen defends Finland's eurozone membership - YLE News

Katainen defends Finland's eurozone membership - YLE News | Finland | Scoop.it

Prime Minister Jyrki Katainen says the euro and Finland remaining within the common currency zone is the only viable alternative for the country. His comment came in an article published in Sunday’s edition of the newspaper Savon Sanomat. In response, Finns Party chair Timo Soini said fear over the possible collapse of the eurozone was unfounded. 

 

Katainen wrote he hoped Finns would not have to experience the consequences of either a break-up of the euro or leaving the currency.

If the euro were to disintegrate, Katainen said, it would lead to significant cuts in Finland’s social and welfare budget and to higher taxes.

 

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

Apple, Android and The Decline of the Euro - Forbes

Apple, Android and The Decline of the Euro - Forbes | Finland | Scoop.it

Finland’s GDP is about $238 billion. It grew steadily from the mid-1990s onwards and peaked about three years ago. That trajectory is roughly in line with Nokia’s growth and decline, though of course Nokia is falling faster. Since the early 2000s Nokia has contributed between 4 and 6% of Finland’s GDP. Nokia and mobility are both very important to a country that has grown spectacularly but solidly over the past twenty years...

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

Finland ready to compromise on bigger bailout fund | Reuters

SAARISELKA, Finland (Reuters) - Finland is prepared to compromise on creating a bigger rescue fund for the euro zone despite scepticism over whether it is needed, Prime Minister Jyrki Katainen said on Saturday.  

 

While almost all of the currency bloc's 17 member states favour a stronger firewall, Germany and Finland have been reluctant to commit.

"We are ready to find a compromise," Katainen told Reuters in an interview on the sidelines of a gathering of senior European policy makers in Saariselka, a resort in Finnish Lapland. "What's important is that the firewall is credible."

 

 

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

Finland profits from euro | Baltic Review

Finland profits from euro | Baltic Review | Finland | Scoop.it
Finland has benefited in many respects from the euro and the majority of Finns understand this, the liberal daily Helsingin Sanomat concludes commenting on the tenth anniversary of the single currency.
more...
No comment yet.
Scooped by Ulla M. Saikku
Scoop.it!

Finnish PM Says He Is Confident Of Country Joining ESM

Finnish PM Says He Is Confident Of Country Joining ESM | Finland | Scoop.it
Finnish PM Says He Is Confident Of Country Joining ESM http://t.co/aT5AsVyv...
more...
No comment yet.
Scooped by Ulla M. Saikku
Scoop.it!

EU Summit Presents Finns With a Conundrum

EU Summit Presents Finns With a Conundrum | Finland | Scoop.it

The European Union summit's suggestion to replace unanimity with majority voting for the EU’s permanent rescue fund -- a voting procedure deemed unconstitutional by a Finnish parliamentary committee -- has caused the Nordic government a tricky problem...

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

Finnish government survives no-confidence vote on eurozone bailout policy

Finnish government survives no-confidence vote on eurozone bailout policy | Finland | Scoop.it
HELSINKI — Finland’s conservative-led government on Wednesday survived a vote of no-confidence in Parliament over its handling of the debt crisis afflicting Europe.

Lawmakers voted 116-73 in favor of Prime Minister Jyrki Katainen’s six-party Cabinet, with 11 absent or abstaining. The approval had been expected, as the coalition commands a clear majority in the 200-member Parliament with 124 lawmakers.

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

Could Finland have the golden solution to Europe’s problems? (GLD)

Could Finland have the golden solution to Europe’s problems? (GLD) | Finland | Scoop.it

A few months ago, Finland asked Greece to back up its debt with gold as collateral.The proposal was shouted down at the time, but there are still analysts who think the idea has real promise as a way to save the euro from its current crisis of confidence...

Read more: http://community.nasdaq.com/News/2011-12/could-finland-have-the-golden-solution-to-europes-problems-gld.aspx?storyid=107091#ixzz1fvTHBHvj
more...
No comment yet.
Scooped by Ulla M. Saikku
Scoop.it!

Government asked to cost Finnish Euro exit

Government asked to cost Finnish Euro exit | Finland | Scoop.it

The Finns’ party is asking the government to put a price on exiting the euro. The party’s parliamentary group has also demanded that Finland stops supporting heavily indebted eurozone countries in an interpellation question on the matter.
In addition to demanding an investigation into how much a Finnish exit from the common European currency would cost, party chair Timo Soini is also asking that the government explains its line before next month’s crucial summit on the issue.
Such discussions are usually held in parliament’s Grand Committee, which approves the Prime Minister’s line before such summits.

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

The birth of a new European Union…and winners and losers in it « Euro maverick

The birth of a new European Union…and winners and losers in it « Euro maverick | Finland | Scoop.it
Edin Mujagic is a monetary economist at the ECR Euro Currency Research in Utrecht, The Netherlands and at Tilburg University.

 

"Another change that is likely, in my view, is that the euro area Triple A countries will have more say at the expense of the lower rated ones. Just a few days ago the Finnish prime minister made a case for such a rule.

As not all euro area Triple A countries are equal, Germany will get more influence than before (being the largest and the strongest). A dominant position of Germany in Europe would not be strange and would in fact just reflect the fact that it is the largest European country, it has the strongest economy and the deepest pockets, supplemented with the fact that it is situated very strategically in the middle of Europe..."

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

EU and euro countries' Heads of State or Government agreed on measures to tackle the economic crisis in Europe

EU and euro countries' Heads of State or Government agreed on measures to tackle the economic crisis in Europe

The EU and euro countries' Heads of State or Government met in Brussels on 26 October to discuss measures with which to stabilise the European banking sector, reform European stability mechanisms, improve debt sustainability in Greece, strengthen financial discipline in Europe and reorganise the structures of the euro area.

"I am very happy with the results. We were able to resolve all items on the agenda,” said Prime Minister Katainen who represented Finland at the meeting.

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!

Yle Survey: Finns negative about bailouts and future of the euro

Yle Survey: Finns negative about bailouts and future of the euro | Finland | Scoop.it
A Yle commissioned survey shows a majority of Finns do not want the country to assume more responsibility in the debt crisis to stabilize the eurozone. A majority also believes the eurozone will fragment in the next two years.
more...
No comment yet.
Scooped by Ulla M. Saikku
Scoop.it!

Euro-Doom Is Fantasy, Why the Currency Won't Collapse - Bloomberg

Euro-Doom Is Fantasy, Why the Currency Won't Collapse - Bloomberg | Finland | Scoop.it
 Consider the growth performance of four relatively small and comparable European countries, two of which are in the euro area (Finland and the Netherlands) ...

 

In Finland, a euro-area member that underwent a similar crisis in the 1990s, and the problem becomes clear. A comparison of Finland with fellow Scandinavian Sweden suggests that adopting the euro made no difference at all to economic performance. The correct conclusion is that selecting countries and years is simply not an acceptable way of building an argument. There may be a case against the single currency’s viability, but it has to be based on firmer ground.

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

A win for the euro - Economist

A win for the euro - Economist | Finland | Scoop.it

THOSE who argued that Finland is fast becoming a Eurosceptic country that is against the country's membership of the European single currency, the euro, have been proved wrong by its presidential election. The run-off on February 5th was contested between the two most pro-European candidates. Timo Soini, leader of the anti-euro True Finns, which took a spectacular 18% of the vote in the general election last April, was humiliatingly pushed out in the first round. The winner, Sauli Niinisto, a former centre-right finance minister, took 63% of the vote to 37% for the loser, Pekka Haavisto of the Greens (who was also the first openly gay candidate for the post).

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

JP Morgan explains the euro crisis with lego | Felix Salmon

JP Morgan explains the euro crisis with lego | Felix Salmon | Finland | Scoop.it
This chart comes from a Michael Cembalest's research note today.
more...
No comment yet.
Scooped by Ulla M. Saikku
Scoop.it!

Finland Wants Euro Pact Ready for a Snowy Day: Pasi Kuoppamaki

Finland Wants Euro Pact Ready for a Snowy Day: Pasi Kuoppamaki | Finland | Scoop.it

Finland lies between the dear but occasionally erratic Russia and the democratic West; and the European Union ties Finland to the West. The euro itself was adopted here without a referendum, reflecting the Finnish government’s aim to be part of the EU core.
Finland would like to stay in the core, where the future of the euro is forged -- but not if it means total surrender of fiscal power to Brussels...

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

Advice to the euro-elite: forget how tough the Finns are at your peril - Mail Online - M E Synon's blog

...nowhere more than in triple-A rated Finland, a key member of the eurozone, and a nation with a history of courageous resistance to oppression that ought not to be forgotten by the euro-elite. Not if the euro-elite want to come out a fight in Helsinki with their skins still on.

I got in touch with the leader of the opposition in the Finnish parliament, Timo Soini, head of the Finns party.

Yesterday he forced the Finnish government to face a vote of confidence over the summit deal.

Today he sent me these notes on just why the eurozone deal must be resisted...

 

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

Finland Threatens Europe Debt Crisis Rescue Fix as Cabinet Split on Policy

Finland Threatens Europe Debt Crisis Rescue Fix as Cabinet Split on Policy | Finland | Scoop.it

Splits in the Finnish government may hamper a drive from euro-area governments to ease the approval process for bailouts of struggling nations, setting up a stumbling block on the path to fixing the debt crisis.
Finland balked at a call on Dec. 9 by the other 16 euro governments for an 85 percent supermajority vote in case an emergency bailout is needed by the European Stability Mechanism, the permanent fund slated to start next year. In the case of Finland, a change away from a unanimous vote must be approved by two thirds of its parliament, since it conflicts with the constitution of the northernmost euro member.

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

Finland’s Economic Growth Tops Euro Peers in Third Quarter - Businessweek

Finland’s Economic Growth Tops Euro Peers in Third Quarter - Businessweek | Finland | Scoop.it
Finland’s economy grew faster last quarter than the average for the 17-nation single currency bloc, which may face a recession as the sovereign-debt crisis deepens.

Finland’s economy expanded at the fastest pace since the end of last year, growing at triple the pace indicated by preliminary data. Statistics Finland said Nov. 15 seasonally adjusted GDP rose 0.3 percent in the third quarter from the prior three months and 2.7 percent from a year earlier, adjusted for the number of working days.

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

Stubb defends triple A "power core" in EU

Stubb defends triple A "power core" in EU | Finland | Scoop.it
Finland’s Minister for European Affairs and Foreign Trade Alexander Stubb has
defended his proposal that triple A rated eurozone countries should have
greater say in economic affairs.
more...
No comment yet.
Scooped by Ulla M. Saikku
Scoop.it!

Making a Case Against the Euro Bailouts

Making a Case Against the Euro Bailouts | Finland | Scoop.it

Timo Soini, chairman of The Finns Party, on his criticism of the ongoing bailout for much of Europe, and the idealogy behind the Finns Party. 

13 hours ago - FOXBusiness 5:27

Watch the video interview: http://yhoo.it/slg3NB

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

MTV3 Poll: Majority of Finns think euro will fail - YLE News

MTV3 Poll: Majority of Finns think euro will fail - YLE News | Finland | Scoop.it

A majority of Finns believe the euro currency will crumble.

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

Finnish parliament to vote in Sept on July euro deal

HELSINKI, Aug 16 (Reuters) - Finland's parliament will discuss and vote in September on a July agreement among eurozone leaders to widen the powers of the bloc's bailout fund, the country's finance minister said on Tuesday.

more...
No comment yet.