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Tuesday, July 14, 2015

Finland may stand in the way of Greece bailout deal

With anti-EU Finns party in coalition, Helsinki may deny its minister mandate to agree to deal – but ECB and European commission could still drive it throughAlthough Greece and its creditors have yet to begin even negotiating Athens’ third bailout in five years – a three-year programme worth up to €86 bn – Finland already represents a problem as Helsinki may deny its pro-European finance minister, Alex Stubb, a mandate to agree to the deal.Finland is very much on the side of the Germany-led fiscal hawks and is more of a problem than before because the nationalist anti-EU Finns party did well in elections in April and its leader, Timo Soini, is foreign minister. Related: Greek debt crisis: IMF warns Greece needs deeper debt relief - live updates Continue reading...


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