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Finland
About Finnish society & culture. From snow to sauna, from natives to Nokia.
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Finland keeps S&P's triple-A but outlook negative

HELSINKI, Jan 13 (Reuters) - U.S.ratings agency Standard & Poor's affirmed its triple-A long-term rating onFinland but gave a negative outlook, the Finnish finance ministry said on Friday on its website.The negative outlook means a downgrade is possible in 2012 or 2013, the ministry said.  
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Finland officials plan spending cuts for next budget - Reuters

HELSINKI Aug 18 (Reuters) - Finland's finance ministry is planning to cut government spending by 1.16 billion euros ($1.63 billion) and raise tax revenues by 1.1...

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OP-Pohjola Group Survey: One in four wants to have clearer financial information

One in four in Finland thinks that issues concerning money and the economy are not explained or presented in the news clearly and understandably enough. A third of the adult population follows economic news regularly, but the majority only occasionally or not at all.

"The good news is that over half, that is, over 60% of the respondents think it is important or very important to understand the economy, while less than 10% do not think it is not at all important," says Riitta Pyhälä, Bank Manager of Helsinki OP Bank.

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Helsingin Sanomat - International Edition - Business & Finance

Helsingin Sanomat - International Edition - Business & Finance | Finland | Scoop.it
Bailout guarantees increase Finnish EMU debt.
Finland's share of the guarantees for bailout loans to be given to Ireland would technically add to Finland’s public debt.
At present, Finnish responsibility for the bailouts is so small that its impact on the debt is limited.
However, if Finland’s share of the guarantees is increased, its nominal debt will grow as well.
(Helsingin Sanomat: EU agrees on safety net for countries in economic crisis http://dlvr.it/Lhplr)
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Finland retains its AAA credit rating

Finland retains its AAA credit rating | Finland | Scoop.it
American credit rating agency Standard & Poor's has affirmed Finland’s AAA rating for long-term and short-term credit. However, the outlook for the long-term rating is negative, according to Finland’s Ministry of Finance. 
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EU Crisis Fix Lies in Deployment of Tools, Not More Summits, Katainen Says

Europe’s best bet to escape the debt crisis threatening to engulf Italy and Spain is to implement measures already agreed on immediately instead of searching for new tools, Finland’s Prime Minister Jyrki Katainen said.

 

“Implementing the existing measures is the way to reinforce trust in the European financial system, not by coming up with new measures all the time,” Katainen said in a phone interview yesterday from Helsinki. “We’re not warming up to any new innovations concerning the European Financial Stability Facility.”

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Dignity and Democracy: Escaping the Clutches of the Financial Markets - SPIEGEL ONLINE - News - International

Dignity and Democracy: Escaping the Clutches of the Financial Markets - SPIEGEL ONLINE - News - International | Finland | Scoop.it
In today's Europe, the people are no longer in control. Instead, politicians have become slaves to financial institutions and the markets. We are partly to blame -- and changes are urgently needed to nurse European democracy back to health.
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