Finns threaten Portugal rescue plans

Author (Person)
Series Title
Series Details 3.5.11
Publication Date 03/05/2011
Content Type

The Finnish eurosceptic party True Finns that made big gains in the April 2011 general election renewed its opposition to the proposed EU bail-out for Portugal on the 2 May 2011 as talks get under way to form a government in Helsinki.

On the 12 May 2011 it became clear that Finland has managed to cobble together a parliamentary majority in favour of the €78 billion Portuguese rescue. But in doing so, the country had cast the eurosceptic and anti-bail-out True Finns to lead the official opposition.

The National Coalition Party and the Social Democratic Party would be the main parties of the next Finnish government.

Related Links
Helsingin Sanomat, 25.5.11: Parliament passes Portugal bailout package 137-49 http://www.hs.fi/english/article/Parliament+passes+Portugal+bailout+package+137-49/1135266412585
Helsingin Sanomat, 6.5.11: Trichet: “We expect everyone to bear their responsibility” http://www.hs.fi/english/article/Trichet+%E2%80%9CWe+expect+everyone+to+bear+their+responsibility%E2%80%9D/1135265933008
EUObserver, 10.5.11: Rehn warns Finland against a Portuguese 'Lehman' http://euobserver.com/9/32302
ESO: Background information: Finnish parliamentary election, 2011 http://www.europeansources.info/record/finnish-parliamentary-election-2011/
Helsingin Sanomat, 3.5.11: Soini softens his stance on Portugal, but True Finns remain adamant http://www.hs.fi/english/article/Soini+softens+his+stance+on+Portugal+but+True+Finns+remain+adamant/1135265815361
Deutsche Welle, 12.5.11: Finnish euroskeptics abandon coalition talks after bailout dispute http://www.dw-world.de/dw/article/0,,15069364,00.html
EUObserver, 12.5.11: Finland cobbles together majority for Portuguese bailout http://euobserver.com/9/32322
Helsingin Sanomat, 12.5.11: True Finns not joining next government http://www.hs.fi/english/article/True+Finns+not+joining+next+government/1135266093543
BBC News, 13.5.11: Finland approves Portugal's bail-out http://www.bbc.co.uk/news/business-13394004

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