In-Briefs

Finland/EU: Minister Hints Government Prepares for Euro Break-Up

August 18, 2012
| Economics
| Europe

Finnish Minister for Foreign Affairs Erkki Tuomioja claimed last week that Finnish bureaucrats are  working on contingency plans in case the euro currency breaks up . . . that contention was, however, soon disclaimed by his government colleague in charge of European Affairs, Alex Stubb, who said that Finland is “100%” behind the euro . . . suggestions over euro break-up coming from a senior Eurozone official might heighten the eurozone crisis and cause market jitters . . . Finland, together with the Netherlands, is seen as the fiscal hawk within the eurozone core and hints at possible reversibility of the euro project might also serve as a warning for the peripheral countries to do more in containing their public spending . . . similar announcements could come in the future as both countries are experiencing a surge in eurosceptics and these governments might become vulnerable if seen as out of touch with the popular opinion.

 
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