Finland’s tough stance still shaping responses to euro-zone debt crisis


By Michael Stothard – The surge in anti-European sentiment before the election in Finland last year may have quieted down, but promises to limit the country’s exposure to weaker economies are continuing to have a big impact on how the euro zone tackles its sovereign debt crisis.

The government broke with mainstream European opinion again recently, proposing that Spain and Italy should start issuing covered bonds backed by state assets. “This is what Finland did in a difficult economic situation in the 1990s, and it is standard practice for banks today,” said Jyrki Katainen, the center-right prime minister. more> http://tinyurl.com/7c9wyjh

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One response to “Finland’s tough stance still shaping responses to euro-zone debt crisis

  1. Reblogged this on cashzilla.

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