News / Europe

Portugal's Bailout Becomes a Political Issue in Finland

European Economic and Monetary Affairs Commissioner Olli Rehn speaks at a news conference after an European Union finance ministers meeting at the EU council headquarters in Brussels, March 15, 2011 (file photo)
European Economic and Monetary Affairs Commissioner Olli Rehn speaks at a news conference after an European Union finance ministers meeting at the EU council headquarters in Brussels, March 15, 2011 (file photo)
TEXT SIZE - +

Portugal's bid to secure an international bailout to help solve its debt crisis has become an issue in a national election - to the north in Finland.

Finnish voters are set to elect a new government on Sunday, and two of the four parties contending for parliamentary power have been critical of aiding debt-ridden European governments. As one of 17 countries using the common euro currency, Finland last year helped bail out Greece and Ireland. But the new Portuguese request has drawn both support and opposition in advance of the election.

The National Coalition Party and the Center Party, both of which are part of the current government, are leading pre-election polls. Prime Minister Mari Kiviniemi of the agrarian Center Party said Finland is still committed to assisting other European neighbors that need it. She said, though, there would have to be "very tight" restrictions on any bailout for Portugal.

Two parties opposing further aid to other European governments, the True Finns and Social Democrats, are close behind the two leading parties in the latest polling. The True Finns have vowed to veto any request to increase Finland's contribution to European bailout funds. And one party leader said the True Finns would not participate in any coalition government that would approve further loan guarantees.

The European Union's top economic official, Olli Rehn, himself a Finn, last weekend called on the country to support Portugal's bailout, saying it is needed to ensure European stability.

But one poll showed 59 percent of Finns surveyed opposed further aid for other European neighbors, particularly at a time when Finnish welfare benefits are being cut.

Voter disapproval of the bailouts was evident in recent elections in Germany and France, which own Europe's two strongest economies.  Opposition to the bailouts helped drive support for the National Front in France's recent local elections and contributed to the weak performance against Germany's governing parties in state elections.

Some information for this report was provided by Reuters.

You May Like

South Africa to Host World's Biggest Telescope

South Africa competed against Australia to host the telescope, the final decision was to split the SKA between the two countries More

Report: Global Warming Could Reverse Development

World Bank study says warmer climates threaten advances and could exacerbate poverty in world’s poorest regions More

Video Inmates Fight Fires, Gain Skills for Life After Prison

In California, physically fit inmates with no history of violent crimes can train, work as firefighters while serving their time More

This forum has been closed.
Comments
     
There are no comments in this forum. Be first and add one

Featured Videos

Your JavaScript is turned off or you have an old version of Adobe's Flash Player. Get the latest Flash player.
Your JavaScript is turned off or you have an old version of Adobe's Flash Player. Get the latest Flash player.
Video

Video Human Rights Film Festival Highlights Gender, Economic Issues

Twenty new films from around the world are screening in New York this week, as part of the 24th annual Human Rights Watch Film Festival, co-presented by the Film Society of Lincoln Center and IFC Center. The issues explored range from the rights of women, gays and the disabled, to economic justice, to political murder, torture and wrongful imprisonment. VOA’s Carolyn Weaver reports from New York.