The Associated Press May 12, 2010, 4:24PM ET

Finnish lawmakers approve Greek bailout package

Finland's Parliament has approved the Nordic country's euro1.6 billion ($2 billion) share of the euro zone's bailout loan to Greece.

Lawmakers backed the measure in 108-63 vote on Friday with 29 abstaining or absent.

The center-right government last week approved Finland's bailout plan but it needed parliamentary ratification to come into force.

Opposition parties opposed the proposal, but the ruling coalition was assured of support because the four government parties command a majority in Parliament.

Finland is one of the last of the 16 euro zone members to formally approve its share of the loan package.


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