Finland threatens to block the purchase of the debt of European countries
Linkedin

Finland threatens to block the purchase of the debt of European countries

Merikarvia : Finland | Jul 02, 2012 at 11:40 AM PDT
XX XX
Views: Pending
 
Euro

Finland threatened to block the purchase of sovereign debt by the European rescue fund.
The threat casts doubt on the agreement reached at the EU summit last week to save the euro zone members to be drawn into the debt crisis of the block.
The Finnish Prime Minister Jykri Katainen, told Parliament that decisions on these purchases require unanimity, something not possible with the Finnish opposition.
Finland calls for strict budgetary discipline and conditions of the rescue packages for countries in the euro zone.
This is one of the few EU countries that still has a triple A credit rating

1 of 10
Next
Finland's Prime Minister Katainen arrives at an European Union leaders summit in Brussels
Finland's Prime Minister Katainen arrives at an European Union leaders summit in Brussels
karasiwo is based in Karāchi, Sind, Pakistan, and is a Reporter for Allvoices.
Report Credibility
 
  • Clear
  • Share:
  • Share
  • Clear
  • Clear
  • Clear
  • Clear
 
 
 
Advertisement
 

News Stories

 
  • Debt Crisis: Finland to block ESM from buying Government bonds on open ...

      Independent
    Finnish government said on Monday, while The Netherlands also indicated opposition to the bond-buying idea. Comments suggesting a rough time ahead for the idea followed euro zone leaders' agreement at a summit last week to take steps to shore up...
  • Finns, Dutch cast first doubt on euro zone deal

      Reuters
    Topics Finland's Prime Minister Jyrki Katainen leaves a two-day European Union leaders summit in Brussels early June 29, 2012. Finland and the Netherlands, the euro zone's most hardline creditor states, cast the first doubts on Monday on a European...
  • Finland Opposes Bond-Purchase Plan

      Asian Wall Street Journal
    Finland took issue Monday with the European Union's decision to use the bloc's new, permanent rescue fund to buy government bonds from private investors in a bid to end the ... Finland took issue Monday with the European Union's decision to use the...
  • Post-EU Summit Optimism Dissipates as Member States Divided

      International Business Times
    The post-EU summit rally was limited by weaker-than-expected macroeconomic data released in the US and the Eurozone. Moreover, investors began to concern that the lack of details in the many proposals in the summit statement would suggest problems in...
  • NewsWatch: U.S. stocks poised to build on last week's gains

      MarketWatch
    Amylin, Lincare MarketWatch's rundown of corporate headlines of interest to investors early Monday...Europe stocks rise as investors await ECB Bourses trade broadly higher, extending Friday's end-of-quarter gains as investors look to the European...
  • Finland questions eurozone deal

    Under pressure from Italy and Spain the 17 eurozone leaders agreed to ease the mechanism for bond purchases. Germany's top court will soon consider legal challenges to the ESM. On 10 July the German Constitutional Court in Karlsruhe will examine...

Blogs

 >

Images

 >
 

More From Allvoices

Report Your News Got a similar story?
Add it to the network!

Or add related content to this report



Use of this site is governed by our Terms of Use Agreement and Privacy Policy.

© Allvoices, Inc. 2008-2014. All rights reserved. Powered by PulsePoint.