Posted on 05/02/2011 9:55:18 AM PDT by george76
Finland's eurosceptic True Finns party said on Monday it was sticking to its pre-election stance that it cannot support Portugal's bailout package.
We cannot with good conscience support Portugal's package nor the creation of permanent bailout mechanism. Neither do we approve the hike of Finland's guarantees in the temporary stability mechanism," the party said on Monday as its formal answer to Jyrki Katainen, the leader of National Coalition party, who is leading the talks to form the country's new coalition government."
As has been reported previously, absent Finnish approval, the European rescue is virtually halted in its tracks, and means that there is no consensual green light for the EFSF rescue package. Additionally, as Europe has been kind enough to indicate in the past, "there is no Plan B." And to make things very clear, Finnish MP Soini that Greece is likely to restructure its debt and other will follow, but not under the ESM: "it is a structure that doesn't work."
Needless to say the implications of a failed compromise on the bailout of not only Greece, but not Ireland and Portugal as well, means that should Finland retain its intransigence, the eurozone is pretty much over.
(Excerpt) Read more at zerohedge.com ...
What are the fake Finn’s saying?
What are the fake Finn’s saying?
What are the fake Finn’s saying?
Meanwhile in the US there are lunatic recent arrivals who think those of greek descent should just “dump money” into the greek ecconomy. Why? to save the politicians who pocketed all the aid money in the fist place?
The smart money is betting on the USA.
What are fake Finns saying?
It’s Finished? As in the Eurozone.
Guess the Dermans and French will have to pony up more to bail out the PIGGS now.
Finland’s Bailout Blues Cast Pall Over Euro Zone
http://online.wsj.com/article/SB10001424052748703518704576258680067060242.html
HELSINKI—The euro zone’s attempts to reassure bond investors that it can fix its debt problems may be derailed Sunday when Finns go to the polls to elect a new government.
According to recent opinion polls, voter support for the nationalist True Finns Party has soared in recent months, partly in response to dissatisfaction with the fact that taxpayers in this most northern of the euro zone’s 17 members have been asked to bail out Greece, Ireland and Portugal at the same time as welfare benefits are being cut at home.
The True Finns oppose any aid to fellow euro-zone members, and may be part of a new coalition government, most likely alongside the National Coalition Party and the Center Party—both of which are part of the current government.
“The True Finns will not participate in a coalition government with any party ready to give further loan guarantees,” Vice Chairman Vesa-Matti Saarakkala said.
Anger begins to infect Europe’s prosperous core
http://www.ft.com/cms/s/0/c9ec3d9e-6463-11e0-a69a-00144feab49a.html#axzz1JQPs5on0
Now, anger is beginning to infect Europe’s prosperous core, where mainstream parties are losing ground to populist outsiders playing on resentment and frustration triggered by austerity and falling living standards
Rise of Populist Parties Pushes Europe to the Right
European TEA PARTY
http://www.spiegel.de/international/europe/0,1518,758883,00.html
The successes of right-wing populists could indeed exacerbate the smoldering euro crisis. Tensions between the wealthy countries in the north, who are contributing most to the bailouts, and the ailing debtor nations in the periphery already threaten to destroy the monetary union. If a European version of the American TEA PARTY movement develops, it could very well become the kiss of death for the euro.
... against bailouts .... seems to be a trend or something.
Maybe our own Tea Party movement could get back on track?
... against bailouts
... against huge centralized government
This seems to resonate with a lot of people. Maybe a good thing to focus on to win election?
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