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Monday, 18 April 2011 - True Finns set for government, see EU bailout changes |
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    Edition: U.S. Article Comments (0) Full Focus Photos of the week Our top photos from the past week.  Full Article  Follow Reuters Facebook Twitter RSS YouTube Read Texas seeks more help as wildfires burn Austin homes 12:57am EDT Death toll at 43 as tornadoes and storms rake South | 1:31am EDT Palin returns with feisty, anti-establishment speech 16 Apr 2011 Congress will raise debt limit: Geithner 17 Apr 2011 Analysis: Google's Page and Wall Street: Who needs who? 17 Apr 2011 Discussed 83 Obama to lay out deficit plan with focus on tax, spending 82 White House warns on debt limit, says Obama regrets vote 74 UPDATE 1-Geithner says Congress will pass debt limit increase Watched Cupless bra combats cleavage crinkle Fri, Apr 15 2011 South Korean "super gun" packs hi-tech killing power Mon, Feb 14 2011 Deadly tornadoes pound southern U.S. Sun, Apr 17 2011 True Finns set for government, see EU bailout changes Tweet Share this By Terhi Kinnunen and Ritsuko Ando HELSINKI (Reuters) - The True Finns, the anti-euro party voted into a powerful role in the Helsinki parliament at the weekend, expect the European Union to change plans for a bailout of Portugal, its leader said on... Email Print Related News Euro zone woes face new Finnish PM Sun, Apr 17 2011 Analysis & Opinion Palin in Madison: Veni, Vidi, Vici 4 Republican hopefuls in New Hampshire find tepid Tea Party turnout Related Topics World » Supporters of the True Finns party celebrate landslide victory at the party's reception in Helsinki April 17, 2011. Credit: Reuters/Martti Kainulainen/Lehtikuva By Terhi Kinnunen and Ritsuko Ando HELSINKI | Mon Apr 18, 2011 3:14am EDT HELSINKI (Reuters) - The True Finns, the anti-euro party voted into a powerful role in the Helsinki parliament at the weekend, expect the European Union to change plans for a bailout of Portugal, its leader said on Monday. "Of course there will have to be changes," Timo Soini told reporters a day after his party more than quadrupled its share of the vote to turn Finland's traditionally pro-EU politics on their head by finishing a close third in the election. Soini said he expected to hear this week about joining talks on forming a coalition. The center-right National Coalition, which came top with 20.4 percent, should launch negotiations under its leader, the outgoing finance minister Jyrki Katainen. It remains unclear how far a new coalition, which may take weeks to form, will incorporate True Finns ministers or their views on EU help for heavily indebted member states. But the rise of the True Finns seems likely to shift the debate. "This is a big, big bang in Finnish politics. This is a big, big change. This will change the content of Finnish politics," Jan Sundberg, professor at the University of Helsinki, said. Finland's parliament, unlike others in the euro zone, has the right to vote on EU requests for bailout funds, meaning it could hold up costly plans to shore up Portugal and bring stability to debt markets. The strong showing for the populist True Finns reflects growing public frustration in some EU states about footing the bill for weaker economies such as Greece, Ireland and Portugal. The party got 19.0 percent, according to compared to 4.1 percent in 2007, which means it is likely to be involved in talks on forming a government. The opposition Social Democrats, who support the EU but dislike current plans to aid Portugal, won 19.1 percent and are also likely to join government talks. Prime Minister Mari Kiviniemi's Center Party, hit by a political funding scandal in recent years, suffered the biggest setback, dropping to just 15.8 percent of the vote from 23.1 percent in 2007. She said it would go into opposition. Soini predicted the next government coalition would consist of the three biggest parties, and possibly a few others. "We need a majority government. That seems to require maybe the three biggest parties. If that doesn't work, then maybe it will be a four to five parties government," he told reporters. Analysts expect a new government to be formed by mid-to late May. Anxiety over unemployment and pension cutbacks also boosted support for the True Finns, who have a conservative social agenda but lean to the left on social welfare. Finland's recent rebound from the global financial crisis has done little to boost the number of jobs. Its flagship company, Nokia, is struggling to compete with Apple Inc and Asian handset makers, and is expected to cut jobs soon. PORTUGAL BAILOUT "A BAD DEAL" 1 2 Next World Tweet this Share this Link this Digg this Email Reprints   We welcome comments that advance the story directly or with relevant tangential information. We try to block comments that use offensive language, all capital letters or appear to be spam, and we review comments frequently to ensure they meet our standards. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. Comments (0) Be the first to comment on reuters.com. Add yours using the box above. Social Stream (What's this?) © Copyright 2011 Thomson Reuters Editorial Editions: Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom United States Reuters Contact Us Advertise With Us Help Journalism Handbook Archive Site Index Video Index Reader Feedback   Mobile Newsletters RSS Podcasts Widgets Your View Analyst Research Thomson Reuters Copyright Disclaimer Privacy Professional Products Professional Products Support Financial Products About Thomson Reuters Careers Online Products Acquisitions Monthly Buyouts Venture Capital Journal International Financing Review Project Finance International PEhub.com PE Week FindLaw Super Lawyers Attorney Rating Service Reuters on Facebook Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests. NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

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