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Euroskeptic parties make gains in Finland vote
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| Contributor | IndyGeorgia |
| Last Edited | IndyGeorgia Apr 17, 2011 08:09pm |
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| Category | Report |
| Author | Karl Ritter |
| Media | Website - Yahoo News |
| News Date | Monday, April 18, 2011 02:00:00 AM UTC0:0 |
| Description | HELSINKI – Finnish voters dealt a blow Sunday to Europe's plans to rescue Portugal and other debt-ridden economies, ousting the pro-bailout government and giving a major boost to a euroskeptic nationalist party.
With all ballots counted, the biggest vote-winner was the conservative National Coalition Party, part of the outgoing center-right government and a strong advocate for European integration.
But its main ally, the Center Party led by Prime Minister Mari Kiviniemi, said it would drop out of the government after falling behind two opposition parties that have challenged eurozone bailouts.
The anti-immigration and staunchly euroskeptic True Finns don't see why Finland should rescue Europe's "squanderers," while the Social Democrats have called for changes to how they are funded.
The outcome means conservative leader Jyrki Katainen will have to invite at least one of them to coalition talks, raising questions about Finland's support for rescue packages that need unanimous approval in the 17-member eurozone.
"This result will give Europe gray hairs," political analyst Olavi Borg said. "It will cause them problems over the bailout funds."
If any single country pulls out, the system will crash, leading to a worsening of the debt crisis at a time when the group is deciding whether bailouts will end with Portugal or will also be needed for larger economies like Spain or Italy. |
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