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Berlin urges Finland to back euro consensus

The Local · 18 Apr 2011, 15:19

Published: 18 Apr 2011 15:19 GMT+02:00

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Amid fears that bailout packages for weaker EU members in a bid to stabilize the euro may be at risk after the rise of True Finns, Berlin moved to head off speculation that a new battle may erupt over the currency.

“It has been a sound European tradition and also the successful recipe for Europe that, regardless of changes of government, compromises already agreed to are adhered to afterwards,” deputy government spokesman Christoph Steegmans said when asked about the developments in Finland.

In Helsinki, meanwhile, the True Finns, who campaigned on an anti-bailout platform, said they were prepared to discuss joining a ruling coalition after winning 19 percent of the vote in Sunday elections.

In Germany, former Foreign Minister Hans-Dietrich Genscher wrote in a contribution to Tuesday’s edition of the daily Mitteldeutsche Zeitung: “The result of the election in Finland is a wake-up call. It is a warning signal. Its significance goes beyond Finland.”

The nationalist True Finns won 39 seats in the 200-strong parliament, just behind the 44 for the centre-right National Coalition Party and the 42 snared by the Social Democrats - making them potential kingmakers.

True Finns campaigned successfully on a deeply-eurosceptic platform, opposing bailout packages to troubled eurozone members such as Portugal and Greece.

Leader Timo Soini said on Sunday after the party’s triumph that Finland’s political status quo had been “too soft on Europe.”

Story continues below…

He added that he wanted to renegotiate the bailout package to Portugal, though he did not offer details.

DPA/The Local/djw

The Local (news@thelocal.de)

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Your comments about this article

16:12 April 18, 2011 by trash head
the name "true Fins" or "Wahre Finnen" are bullsh!t. The correct translation is "basic fins". But good copy and paste from ARD *thumby up*
17:31 April 18, 2011 by SwabianEnglander
trash head: "The correct translation is "basic fins""

Funny, UK, US and French media + Wiki are all using True/Vrais. Still it must be nice to be right when everyone else is wrong, eh?
18:01 April 18, 2011 by tallady
former Foreign Minister Hans-Dietrich Genscher says this is a wake up call ,how true and how significant. If Finland at some point in the next few years drops the Euro or even attempts to drop it there will a snowball effect.
18:12 April 18, 2011 by cobalisk
There is almost no chance that Finland would abandon the Euro, that would be economic suicide.

The new coalition may press for stricter lending and debt rules and may even hold future bailouts (which are very unlikely) hostage, but dropping the euro by northern countries is a pipe dream.

If any one is going to drop the euro it would be the Irish and they are in no hurry either.

Despite the orgy of anti-euro coverage in the Anglo news circles there is zero talk of this kind in the eurozone itself. It is only the outsiders predicting the end of the Euro and that should tell people something...
18:44 April 18, 2011 by tallady
"Berlin moved to head off speculation that a new battle may erupt over the currency".

Obviously there is some concern over this,other than the anglo news feeds.

The USA and other major trading partners would consider any move away from the Euro as catastrophic for their economies also.
19:53 April 18, 2011 by cheeba
The Finns leaving the EURO would not be a catastrophe for them, that is just fear mongering. Finland is actually the only nordic country using the EURO, the other four all have their own currencies. If there were to be one common nordic currency outside the EURO, it would probably be the best fit for the nordic economies, they could operate in a space straddling the EURO, the DOLLAR and the RUBLE.
23:38 April 18, 2011 by wxman
The Scandinavians and Brits were smart enough not to turn the value of their currency over to a bunch of indebted nations that would drag down the national wealth of all involved.
00:34 April 19, 2011 by Logic Guy
Well, although there are problems within the EU, the Euro is still nonetheless a strong currency. EU leaders simply need to make adjustments.

The main problem with being directly connected to a large system, is that if the concept is based upon serious flaws, then eventually you and the majority of other people will suffer. On a larger scale, this is what an individual faces as a human being.

But..........there are simple answers. It will all come down to whether or not humans have the intelligence that's required for Real Change.
02:13 April 19, 2011 by LarryLaffer

I'm sorry but your sarcasm did not work this time. I am a Finn although not lived there in ages, and I can confirm that "trash head" was right. The name of the party is Perussuomalaiset. Check any dictionary if you feel you can not trust me, but the word perus (FIN) = basic (ENG), and suomaiset (FIN) = Finns (ENG). Because of the complicated grammatic rules of Finnish, these words are written together thus forming a new word.

Word by word translation of the name is Basic Finns, the name comes from the party's "back to basic values".

Only reason I went to polls this time, gave my vote in embassy, was the fear for these bigots. I know one vote does not make any difference but at least I want to think I did my best.

10:28 April 19, 2011 by trash head
SwabianEnglander got pwn3d
12:27 April 19, 2011 by tactician
Let me put it as simply as I possibly can for you Germany...you can go to hell! If you want to be the slave for the sun bathing all year round vacation and economic squander socialists then go ahead, but don't try to get other countries to sink with you. Greece is about to go bankrupt, will see if you can get your money back when that happened??? My guess is within 1 year or 2 Greece will re-structuring of its debts and then the rest will follow, not to mention Spain, you remember Spain don't you? A country where debt is mounting, unemployment is rising(top 20%) and the economy is shrinking, i'm sure you eager to bail out Spain too right Germany? It's not much, only about 500 billion Euros that's all, it's like a drop in a bucket for you right?
12:49 April 19, 2011 by Suupala

The literal translation does not always match the official name. In this case the truth is complex. Finland is officially a bilingual country, the other language being Swedish. The party in question opposes the status of Swedish in Finland, but even they have had to make a Swedish translation of their party name in order to be accepted to the Finnish parliament. This Swedish translation "Sannfinländare" literally means "True Finns", and since it's official and the first translation made, the international media has used it. The party has suggested only the Finnish name be used internationally, with an added line "Finnish Folkparty", but as of now they are accepting the translation "True Finns".

The Finnish word "perus-" can only be used in connection with another word, and means many things like "basic", "common", "regular", "simple" or "standard". In German media I've seen at least three correct translations: "Wahre Finnen", "Gewöhnlichen Finnen" and "Basisfinnen".

"True Finns" relays the correct impression of the party's ideology. My motivation to vote was exactly the same as yours.
13:19 April 19, 2011 by tactician
What in a name? Who cares what they call themselves, the only matter is what they stand for and what they stand for is exactly what europe needs right now. Germany can learn from these Perussuomalaiset(true finns, basic finns or whatever finns) instead of pandering to all directions. The age of liberalism in europe is over, the time of nationalism has come!
13:24 April 19, 2011 by trash head
Stroke "Wahre Finnen".

This implicit that this finns are the only "real finns" which is wrong.

Wahre Finnen is a bad translation from "True finns" thats all, and TheLocale just copied this crap from ARD, they used this bad translation and the whole nation is following.
17:26 April 19, 2011 by SwabianEnglander
trash head: judging from your posts your grasp of English may not be good enough to distinguish between a literal translation and an appropriate translation, which was the point I was trying to make in my post (see also Suupala, #12 above).

Meanwhile, what's your grudge against The Local? I'm all for people picking up on sloppy journalism but that isn't the case here, so what's your agenda?
15:25 April 20, 2011 by tallady
@LOGIC GUY The euro isn¦#39;t that strong, it¦#39;s the US dollar that is becoming weaker by the day! The benchmark is always the US dollar, as its (still) the world reserve currency, thus measuring all other fiat currencies against it. The dollar is being manipulated by theUSA Federal reserve pumping in billions to keep it's value lower than the Euro to help reduce the hugh USA trade deficit.
11:26 April 21, 2011 by Universalismus
Some focus on correct translation

Bunch of barking baffled scooby dogs.

Focus on the topic.
13:33 April 27, 2011 by Angry Ami
I love a good debate, make the time go faster, so here are a few words for "true"

in Finnish, aito, todellinen, todenperäinen, tosi, totta, uskollinen, varsinainen,

here is the party name for True Finns, Perussuomalaiset, Suomi is the word for Finland, I'm married to a Finnish women since 10 years, so the linguistics lesson aside, Finland doesn't need the euro, they were doing fine with the Finnmark, as a matter of fact the reason for Finnish economic success is discipline and a lack of official corruption, unlike Greece, Portugal, and the IR, so why should the Finnish tax payer bail out losers, why should the German tax payer for that matter?

why should EU member states be bound by Brussels' economic decisions, and like cheeba mentioned, Finland is the only Nordic state to use the euro, and they succeeded.
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