Sign up for our newsletter ⟩
News |

True Finns Reject Portugal Bailout for Next Government

Political parties have begun revealing their views on the next government's programme to the leader of coalition negotiations, Jyrki Katainen. The True Finns Party has already said that it cannot in good conscience support the Portugal rescue package or the creation of a permanent bailout fund, while SDP would want the rules for the international financial system reformed.

Image: Touko Yrttimaa / YLE

The True Finns also oppose increasing Finland's responsibilities in the European Stability Mechanism.

“Unfortunately we do not believe in the sustainability or the fairness of the measures adopted until now,” the answer reads.

The True Finns announce that they are ready to participate in negotiations for a National Coalition-led majority government on the basis of the election’s results.

Last week, National Coalition Party chair Jyrki Katainen asked other parties partaking in government negotiations to outline their views on the most important issues facing the next government. These include financial policies and EU commitments.

Coalition negotiations continue on Tuesday, once Katainen has considered the answers.

SDP: No common responsibility for debts

The other likely government partner, the Social Democratic Party, has not taken a firm stand on Portugal. In its answer the party says that the government should be active in securing the stability of the European economy and in preventing future crises.

SDP believes that the next government ought to aim to reform the rules of the game for the international financial system. This would include limitations on the risks banks can take, scrapping the bonus system for executives, a financial markets tax and private sector’s responsibility for risk investments.

”The central starting point should be a lack of common responsibility on all eurozone countries for one another’s finances and debts,” the party declares.

According to the SDP, international agreements already approved by the government must be honoured.

Latest in: News


Our picks