Menu

Search

  |   Insights & Views

Menu

  |   Insights & Views

Search

Why Finnish election is important?

 

Parliamentary elections in Finland is set for April 19, 2015.

  • Finland has a coalition ruling led by centre right Prime Minister Alexander Stubb. Polls show that current government may not be able to hold powers in the upcoming election.

  • Finland remained a stable sovereign with low bond yields throughout the crisis which is currently trading in negative territory. Finland was the first country ever to issue bonds with yields in negative territory showing sustained investor confidence in the country.

  • However that might be not enough for the ordinary people who are growing tired of austerity to balance budget and poor economic growth. Finland's GDP contracted by -0.2% in the final quarter of 2014 and unemployment is still very high close 8%.

  • Finland also suffered over the sanctions posed by Europe on Russia, as it was third largest export partner namely for meat and dairy.

Over the years Finland remained a vocal critique of bailout programs and uncertainty over politics and demise of current government may add further to current pain.

  • As of now, a change in government is expected in the election with opposition centre party coming to power.
  • Skepticism over Euro would rise further in Finland should the outcome lead to defeat by current government.
  • With rise of leftists in peripheral Europe and rise of Euro skeptics in Finland would complicate the negotiations for Greece, Spain and others.
  • Market Data
Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.