Tuesday, April 19, 2011

Soini wants to renegotiate the Portuguese rescue

The leader of right-wing True Finns party, Timo Soini, who starred in Finnish elections held yesterday after becoming the third force in the Nordic country, said today that the European Union (EU) should renegotiate the bailout of Portugal. Speaking on public television YLE, Soini said "have to be changes" in European plans to build a financial stability mechanism, but declined to give details on what items should be modified.

"The most important thing is that Finland need not pay for the mistakes of others," said Soini, one of the strongest candidates, thanks to his spectacular rise, to form a government with the Conservatives, winners of yesterday's elections. The populist leader, already in the last European Parliament elections was the most voted candidate of all Finland, said his intent is to change from within the economic policies of Brussels.

"We have seen that the package of aid to Greece and Ireland did not work. Now things will start to be otherwise in Europe," he said. Soini, known for his ultra-nationalist and Eurosceptic views, also had harsh words for the EU, stating that the Union "has failed, we have to manage it better." The True Finns warned during the campaign that are not willing to participate in a government gives green light for new bailouts, including the Portuguese.

Analysts predict that EU policies are precisely the greatest challenge to the entrance of the far-right party in government, given the pro-European stance of the Conservatives. The far-right advance in Finland has also had an immediate effect on markets, contributing to the decline in value of the euro in major Asian and European.

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