Medical and Hospital News  
DEMOCRACY
Finland hands anti-EU party shot at gov't.

by Stefan Nicola
Berlin (UPI) Apr 18, 2011
A nationalist party strongly opposed to helping debt-laden EU members made big gains in Finland's parliamentary elections, a development that sowed fresh insecurity across Europe's financial markets.

Support for the ultra-conservative True Finns nearly quintupled in Sunday's vote, from 4 percent to 19 percent, making it the third-biggest party and a possible coalition partner in a future Finnish government.

The Center Party of Prime Minister Mari Kiviniemi suffered a major setback, dropping more than 7 points to less than 16 percent. Kiviniemi said Sunday she would go into opposition.

"It was expected that the True Finns make election gains but this big surge is a surprise," Tom Tohtua, a management consultant from Helsinki, said in a telephone interview.

Led by populist leader Timo Soini, the True Finns have in the past rallied against too much immigration, abortion and same-sex marriage. Their biggest opponent, however, seems to be Brussels.

Soini doesn't want to hand Finnish money to debt-laden member states such as Portugal, Ireland and Greece. He's also opposed to the European Stability Mechanism, a wide-ranging eurozone bailout fund, agreed to by EU leaders at a recent summit in Brussels.

This comes as Finland is enjoying relatively stable economic growth and sound finances. The Finnish budget deficit will shrink to 1.6 percent of gross domestic product this year, the European Commission has predicted -- a comfortable debt rate compared to the body's average of 5.1 percent.

Thanks to a populist campaign, Soini has managed to attract significant voter support. His clientele, analysts say, includes people frustrated with the previous coalition government or concerned that the Finnish economy, plagued by inefficiently handled EU bailouts, could take a turn for the worse.

The difficult task of trying to contain Soini and his True Finns falls to Jyrki Katainen, 39, Finland's finance minister and the country's likely future prime minister. Katainen's center-right National Coalition won 20.4 percent -- the biggest share of the vote -- handing him the mandate to lead coalition talks.

A future government is still up in the air but it could include the emboldened True Finns and the center-left Social Democrats, who came in second with 19.1 percent of the vote and are also critical of bailing out Portugal.

"Negotiations will be difficult but we all hope for a stable government," said Tohtua, who said he voted for Katainen's conservatives, which back the EU stability package.

Soini, basking in the light of his election victory, said Monday that he would try to renegotiate the terms for aiding Portugal and for the look of the European Stability Mechanism.

"The Finnish cow should be milked in Finland and the milk shouldn't be sent abroad as a gift," Soini told Finnish broadcaster YLE.

Finland's previous government backed the stability package but postponed its ratification until after Sunday's election. As the EU decision requires unanimity, the True Finns could try to win support for blocking the package when Finland's Parliament votes on it.

Markets reacted nervously Monday on the news from Finland, with yields on Portuguese, Spanish and Italian bonds rising in all maturities.

Politicians abroad are also concerned.

Elmar Brok, a German lawmaker with Chancellor Angela Merkel's center-right Christian Democratic Union, warned of "serious consequences for the financial markets" if Finland decides to block a bailout for Portugal.

"The future premier Katainen needs to bring the True Finns on a sensible course" or even bar them from entering a government if they don't agree to back the EU stability fund, Brok Monday told German public radio Deutschlandfunk.

Coalition talks are expected to last a month. Until then, anxiety could burden debt markets in Europe.



Share This Article With Planet Earth
del.icio.usdel.icio.us DiggDigg RedditReddit
YahooMyWebYahooMyWeb GoogleGoogle FacebookFacebook



Related Links
Democracy in the 21st century at TerraDaily.com



Memory Foam Mattress Review
Newsletters :: SpaceDaily :: SpaceWar :: TerraDaily :: Energy Daily
XML Feeds :: Space News :: Earth News :: War News :: Solar Energy News


DEMOCRACY
Walker's World: Turkey's new Sultan
Istanbul, Turkey (UPI) Apr 18, 2011
With its economy growing at almost 9 percent and foreign money flooding in fast, Turkey is booming, which means that Prime Minister Recep Tayyip Erdogan's ruling Justice and Development Party should cruise to re-election in elections this June. But the country is troubled by a series of profound challenges and the political divisions run deep, which helps explain the growing row with Eu ... read more







DEMOCRACY
Taiwan fears impact of Japan-style disaster

Latvia's president marked by role at Chernobyl

Leaders pledge aid to complete Chernobyl shelter

Nuclear workers patrol Chernobyl's ruined reactor

DEMOCRACY
Using GPS Data To Model Effects Of Tidal Loads On Earth Surface

China Maps The World With Beidou

China launches navigation satellite

GPS to protect Bulgarian locomotives from fuel thefts

DEMOCRACY
Missing The Gorilla

Human Rules May Determine Environmental Tipping Points

World's oldest man turns 114 in Japan

Scripps Research Scientists Identify Mechanism Of Long-Term Memory

DEMOCRACY
Change Strategy To Save Diversity Of Species

Hunter becomes guardian of Taiwan's bears

Some Dinosaurs Hunted By Night

Recent Census In DR Congo Finds Gorillas Have Survived

DEMOCRACY
Safer Treatment Could Be Realized For Millions Suffering From Parasite Infection

Haitians turn to waste to combat cholera, deforestation

WHO announces deal on sharing flu virus samples

Giant Fire-Bellied Toad's Brain Brims With Powerful Germ-Fighters

DEMOCRACY
Chinese rights lawyer released amid crackdown

China detains underground church followers: group

Russia president sees Hong Kong as model for Moscow

UN chief's silence on China arrests

DEMOCRACY
Australian navy rescues Somali pirate hostages

Spanish navy delivers suspected pirates to Seychelles

Spanish navy arrests 11 suspected Somali pirates

Indian navy captures pirates, rescues crew

DEMOCRACY
Record revenue for Intel, shares soar

Japan consumer confidence falls after quake

China calls on Europe to 'beef up' fiscal consolidation

'Arab Spring' holds IMF, World Bank, amid financial woes


The content herein, unless otherwise known to be public domain, are Copyright 1995-2010 - SpaceDaily. AFP and UPI Wire Stories are copyright Agence France-Presse and United Press International. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by SpaceDaily on any Web page published or hosted by SpaceDaily. Privacy Statement