Bloomberg News

Finnish Government to Face Confidence Vote Over Euro Debt Crisis

June 08, 2012

The euro-skeptic “The Finns” Party filed a no-confidence motion against Prime Minister Jyrki Katainen’s government, the party in Helsinki said in an e-mailed statement today.

The motion relates to costs incurred by Finland from bailouts and measures to counter the debt crisis, including possible recapitalization of Spanish banks, proposed common euro-area bonds and using Europe’s rescue funds for direct aid to banks. Finland is one of four remaining AAA rated euro nations.

The no-confidence motion is the third filed by “The Finns” over the debt crisis during the government’s 11-month tenure. Katainen’s cabinet is backed by 124 lawmakers of the parliament’s 200.

To contact the reporter on this story: Kasper Viita in Helsinki at kviita1@bloomberg.net

To contact the editor responsible for this story: Christian Wienberg at cwienberg@bloomberg.net


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