#Login Register


  • 0 Vote(s) - 0 Average
Home 


Finland most likely to be the first country to leave the eurozone - WSJ
06-14-2012, 12:58 PM #1
Octo Mother Superior
Posts:42,587 Threads:1,469 Joined:Feb 2011
Finland is most likely to be the first country to leave the eurozone, according to the Wall Street Journal’s MarketWatch. However there were no moves in this direction in Helsinki on Wednesday.

Columnist and author Matthew Lynn, head of the London-based Strategy Economics consultancy, argues that Finland has the most to gain by exiting the single currency.

In a column published on Wednesday, Lynn notes that as Finland is “a small nation with a strong economy” is would be easy for it to head for the door.

“Finland would be better off on the first day,” he notes, adding that “it doesn’t particularly have to worry about the impact on the European Union, in the way that Germany would if it opted out.”

A Finnish departure, he predicts, would then prompt others to abandon the currency, thus defusing the euro crisis.

http://yle.fi/uutiset/will_finland_be_fi...ro/6180514

Great idea! pop2.gif
06-14-2012, 01:06 PM #2
JayRodney ⓐⓛⓘⓔⓝ
Posts:31,276 Threads:1,438 Joined:Feb 2011
Back to the Finnish mark! yay.gif And job creation will follow without a Federalist governing body hovering over everyone imposing pointless regulations that kill job growth and stifle the economy.

wonder.gif
06-14-2012, 01:18 PM #3
Jed Member
Posts:230 Threads:40 Joined:Mar 2012
Y'all could very well do better
than Iceland. It could become the
next Japan.
You'ins are an educated bunch
that need a break.
06-14-2012, 02:28 PM #4
Octo Mother Superior
Posts:42,587 Threads:1,469 Joined:Feb 2011
Intense exchanges as Parliament debates Finland’s future in EU


Debate in Parliament continued late into the evening. In addition to the the issues raised in the interpellation, in which the Parliament's confidence in the government is measured, MPs voiced views on the European Stability Mechanism (ESM), which Parliament will soon vote on.
Soini warned that the longer Finland stays in what he called a non-functioning currency area and takes part in the support package, the bigger the bill facing Finland will eventually be. He emphasised that Finland needs to promote its own interests.
“Is that selfish? Either way, we need to do it, because it is the only sensible and fair option”, Soini said. In his view there is nobody in the government with the courage to “stop this insanity”.

He also questioned assurances from Minister of Finance Jutta Urpilainen (SDP) that Finland would insist on getting collateral for its loan guarantees.
“If we give money, we will demand collateral, she says. But what is collateral? Will we get a stuffed penguin?”

Finance Minister Urpilainen speculated that the Finns Party wants to take Finland out of the euro, but are afraid to say it in so many words because a majority of the Finnish people are against it.
Urpilainen called on Timo Soini to spell out the implications of such a decision.
“You throw illusions into the air: Finland is a member of the euro, but would tell the other countries that it is not taking part in lending money to Europe. You know that this is not an option”, Urpilainen said to Soini.

Prime Minister Jyrki Katainen (Nat. Coalition Party) said that Finland is trying to prevent Spain from falling, while the Finns Party feels that this is not even worth trying. Katainen compared the situation to the financial crisis of 2008 when the Lehman Brothers bank fell in the United States.
“We lost tax revenues even though it was an American bank on the other side of the ocean. If Spain were to fall, what would happen to a few other countries, and what would happen to the euro?”
Katainen warned against trying to make Finns believe that there would be no consequences from “knocking over the chessboard”.

http://www.hs.fi/english/article/Intense...9104310720



Home 




 



DISCLAIMER / Terms of Service (TOS):
Kritterbox.com - Socialize anonymously, commentary, discussion, oddities, technology, music and more!  This website is provided "as is" without warranty of any kind, either expressed or implied. kritterbox.com shall not be liable for any damages whatsoever, including, without limitation, those resulting from loss of use, data or profits, whether or not advised of the possibility of damage, and on any theory of liability, arising out of or in connection with the use or performance of this site or other documents which are referenced by or linked to this site.
This website exists solely for the purposes of exchange of information, communication and general entertainment. Opinions from posters are in no way endorsed by kritterbox.com. All posts on this website are the opinion of the authors and are not to be taken as statements of fact on behalf of kritterbox.com. This site may contain coarse language or other material that kritterbox.com is in no way responsible for. Material deemed to be offensive or pornographic at the discretion of kritterbox.com shall be removed. kritterbox.com reserves the right to modify, or remove posts and user accounts on this website at our discretion. kritterbox.com disclaims all liability for damages incurred directly or indirectly as a result of any material on this website. Fictitious posts and any similarity to any person living or dead is coincidental.
All users shall limit the insertion of any and all copyrighted material to portions of the article that are relevant to the point being made, with no more than 50%, and preferably less of the original source material. A link shall be visible in text format, embedded directly to the original source material without exception.
No third party links, i.e. blogs or forums will be accepted under any circumstances, and will be edited by staff in order to reflect the original source of copyrighted material, or be removed at the sole discretion of kritterbox.com.
Fair Use Notice:
This site may contain copyrighted material the use of which has not always been specifically authorized by the copyright owner. Users may make such material available in an effort to advance awareness and understanding of issues relating to economics, individual rights, international affairs, liberty, science, and technology. This constitutes a 'fair use' of any such copyrighted material as provided for in section 107 of the US Copyright Law. In accordance with Title 17 U.S.C.Section 107, the material on this site is distributed without profit to those who have expressed a prior interest in receiving the included information for educational and/or research purposes.
This Disclaimer is subject to change at any time at our discretion.
Copyright © 2011 - 2017 kritterbox.com