Skip to content
The article is more than 7 years old

Coalition leaders Sipilä and Soini stand by Stubb

The leaders of the government coalition have come out in support of Finance Minister Alexander Stubb, following revelations that he overstated support for plans to reform the securities depository system. However Prime Minister Juha Sipilä said the coalition leaders discussed the overwhelmingly negative feedback for the measure just before Stubb incorrectly said that 90 percent of experts who reviewed the proposal supported it.

Pääministeri Juha Sipilä (kesk) kommentoi valtiovarainministeri Alexander Stubbin hallintarekisterilausuntoon liittyviä asioita saapuessa eduskunnan täysistuntoon Helsingissä 1. joulukuuta.
Pääministeri Juha Sipilä (kesk) kommentoi valtiovarainministeri Alexander Stubbin hallintarekisterilausuntoon liittyviä asioita saapuessa eduskunnan täysistuntoon Helsingissä 1. joulukuuta. Image: Martti Kainulainen / Lehtikuva

Prime Minister Juha Sipilä told reporters Tuesday that the governing coalition trio had had a conversation about the proposal to reform current securities legislation to open up the market. According to Sipilä, the conversation took place just before parliamentary question time last Thursday.

Sipilä said that the trio discussed the fact that it would be highly unlikely to find a suitable proposal given that the bulk of the expert opinions on the plan had been highly critical. The three party leaders agreed to continue the discussion the following Tuesday.

Later – in spite of the discussion with his coalition partners – Stubb defended the proposal during parliamentary question time, claiming that 90 percent of experts supported the reform. Daily Helsingin Sanomat later got hold of the reviews and found that just 10 percent backed the initiative.

Stubb has since admitted to pulling the numbers off the top of his head, and has apologised repeatedly for the error.

Sipilä, Soini back Stubb

The opposition SDP, Greens and Left Alliance have called for a reckoning of what they see as a number of inaccurate statements made by the Finance Minister during the autumn parliamentary term. They are demanding that Sipilä provide a statement about Stubb’s comments or that the government table a formal communication in parliament.

However Sipilä said that he will not comply with the opposition’s demands, and that MPs have other ways to bring a vote of confidence in the Finance Minister.

Stubb’s other coalition partner, Foreign Minister Timo Soini said that he was pleased with the government’s decision to back down on the controversial measure. Writing in his blog Tuesday, Soini said that Stubb should be allowed to continue as Finance Minister.

He said that Stubb had made mistakes and provided inaccurate figures, but noted that he had apologised for his actions.

Suffering glorifies the soul," Soini added.

Latest: paketissa on 10 artikkelia