Finland says yes to European stability fund

Published on 29 September 2011 at 10:42


A bill to reinforce the European Financial Stability Facility was adopted by the Finnish Parliament on September 28, by 103 votes to 66. The first consequence is that "Finland has raised its debt risk," warns the front page of Finnish daily Helsingin Sanomat. The paper fears that the country will take "increased risks" by committing itself in "the emergency financing of European countries in crisis," especially since the controversial subject of guarantees required by Helsinki from Athens remains vague, the paper notes. Finland was the ninth eurozone country to ratify the measure; Germany became the tenth on September 29. The measure must be ratified by all 17 eurozone countries.

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