Showing posts with label Finland. Show all posts
Showing posts with label Finland. Show all posts

Thursday, November 26, 2015

Finland’s Problem Isn’t the Euro

Despite modest debt and a competitive economy, the Nordic country is on course for a fourth year of recession, but don’t blame the common currency

The Wall Street Journal

By SIMON NIXON
Nov. 25, 2015 5:30 p.m. ET
8 COMMENTS
Which has been the worst performing economy in Europe this year, excluding Greece? The surprising answer is Finland. In the third quarter of this year, Finland’s economy contracted by 0.6%, putting it on course for a possible fourth consecutive year of recession. Since 2008, its output has shrunk by 6%, faring only slightly better than Italy’s roughly 8% decline over the same period.

Wednesday, November 18, 2015

Finnish parliament will debate next year leaving euro zone

Mon Nov 16, 2015 7:25am EST Related: WORLD
HELSINKI | BY JUSSI ROSENDAHL
Reuters
Finland's parliament will debate next year whether to quit the euro, a senior parliamentary official said on Monday, in a move unlikely to end membership of the single currency but which highlights Finns' dissatisfaction with their country's economic performance.

The decision follows a citizens' petition which has raised the necessary 50,000 signatures under Finnish rules to force such a debate, probably the first such initiative in any country of the 19-member euro zone.